Interesting teen social media stats. 2/3 of teens say they go on Facebook daily. But only 13% of teens say Facebook is their favorite social media platform. From a business standpoint, I’d say that eventually, Facebook will die out just like MySpace and Friendster. However, if Facebook can use the money they have to keep buying the hottest new social media sites like Instagram and Pinterest, that’s probably how they survive in the long haul.