The subsidiary has overtaken the parent company, as a new study from Piper Jaffray found that the most important social network for teens in the spring of 2014 is Instagram, which passed both Facebook and Twitter to claim the top spot.
Another 70 million Facebook shares will hit the market, as the social network announced an underwritten registered public offering of class-A common stock, with 27,004,761 coming from the company itself and another 42,995,239 from certain stockholders, including 41,350,000 from Co-Founder and CEO Mark Zuckerberg.
Teenagers are using all kinds of social networks nowadays — Tumblr, Pinterest, Facebook, Twitter — but they’re not really flocking to one exclusively. It seems like every month, a study shows that teens favor one social media site over another. Now a new study from Piper Jaffray claims that Facebook has beaten Twitter as the hot social network du jour.