More than one-third of Americans (36%) regularly get news from Facebook, according to a Pew Research survey. Facebook is the most popular source for news among all social media sites – 23% of those surveyed said they regularly get news from YouTube, and 15% listed Twitter as a source for staying updated on current events. That being said, Twitter came out on top in the proportion of its overall user base who use the platform for news. 59% of Twitter users say they regularly get news from the site, compared to 54% of Facebook users, 42% of Reddit users, and 32% of YouTube users. Despite the popularity of social media platforms for news consumption, a majority of users believe the information found on those sites is "largely inaccurate."
Other results from the survey:
- Facebook and Instagram are more popular news options for women, while men prefer YouTube and Twitter.
- 92% of Reddit users who say they get news from the aggregation forum are under the age of 49.
- 50% of those who say they consume news regularly through Facebook are Democrats or lean Democratic. 46% are Republican or lean Republican. A majority of news consumers on every other platform also said they are Democrats or lean Democratic.
Writer's note: This story first appeared in Inside Daily Brief, our twice-daily newsletter covering major U.S. headlines. I selected it for inclusion because the cryptocurrency industry relies heavily on social media news. Informal platforms like WeChat, Weibo, Telegram, Twitter, GitHub, Reddit, and Medium are often the primary news sources for many cryptocurrency projects. There are over 8,000 cryptocurrencies.