Facebook and Instagram usage among younger populations is already dwindling, as the platforms are increasingly being replaced by apps like TikTok and Snapchat. According to Piper Sandler's "Taking Stock With Teens", 81% of teens surveyed said they used Instagram, the highest percentage out of all the platforms. 77% said they use Snapchat and 73% said they use TikTok. Only 27% of respondents said they use Facebook, the least of all the platforms.