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It isn't all doom and gloom though.
YouTube now has over 1.8 billion users every month, within spitting distance of Facebook’s 2 billion
Maybe you've heard of YouTube? It's kind of a big deal. Nearly 2 billion people are using it, logged in, every month!
The social media giant's struggle to attract young users is only getting worse according to market forecasts.
730,000 people interrupted their Christmas to try to win thousands of dollars from the hottest new app of the year
That's nearly twice as many users as the app sees on most days.
With the new dynamically-priced credit system, some vocal subscribers said they feel that they aren't getting as much value for their money as before.
$5.1 billion Slack has added 2 million more users as it battles Microsoft and ramps towards a possible IPO
Slack is up to 8 million daily active users — a rise of 33% from the last time it shared the number. That's clutch, as Slack battles Microsoft for the workplace chat market...especially since Slack is expected to be slowly ramping towards IPO.
Nearly two-thirds of users own a regular-sized iPhone.
Instagram is growing faster than ever.
Things are looking both up and down for Twitter.
In this case, Instagram doesn't need to be creative to be successful.