Ypulse Essentials: Foursquare Passes 20 Million Users, Music Festivals & Millennials, Characterizing Gen Y
April 16th, 2012
Check out the rest of today's essentials on kids' spending power, teens texting and driving, how HBO's "Girls" accurately portrays Gen Y, and more...
Happy 4sqDay! (April 16, four-squared — get it? And today, Foursquare announced that its reached 20 million users and 2 billion check-ins! The site has grown rapidly, especially among Millennials who are constantly on their phones and seek to inform their friends of their whereabouts. In fact, according to our recent Ypulse research, 21% of collegians and 13% of high schoolers use the site to check in. And today only, users will get a special 4sqDay badge when they check in honor of the occassion!) (USA Today)
- While Millennials can generally be categorized as optimistic, tech-savvy, and team-oriented (such attitudes don’t accurately describe all Millennials as Boston Consulting Group points out. Instead, they tend to fall in six groups including Hip-ennials, Millennial Moms, Anti-Millennials, Gadget Gurus, Clean and Green Millennials, and Old School Millennials, with Hip-ennials — mostly females who are careful spenders and constantly seek information — making up the largest group) (MediaPost)
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Millennial News Feed
According to Pew, a third of Millennials frequently use their phones in public for “no particular reason,” and 13% say they frequently use their mobile devices to avoid interacting with other people. (Queue the “anti-social Millennial” pieces.) But another study might shed some more light on their “for no reason” phone use: 60% believe their smartphones enhances their leisure time. The research hypothesizes that young consumers are using phones for moments of “micro-leisure” throughout the day. (Washington Post, SocialTimes)
Malia Obama has grown into a bit of a style icon. Though the fashion world has been watching her mother since their first day in the White House, now that Malia is a little older, and interning for HBO’s Girls in NYC, her looks are beginning to influence her young fans. One designer, whose look nearly sold out after Malia was photographed in, it tells the New YorkTimes that she is “a blossoming influencer.” (Jezebel, NYTimes)
Millennials are all hopped up on fancy coffee. The CEO of coffee chain Peet’s says that young consumers are “driving a shift in coffee consumption away from traditional economy brands and towards pricier, higher-quality beans." Millennials reportedly are looking for the best cup of joe, instead of the cheapest, and higher price coffee chains are benefitting from their high-end java tastes. (Eater)
You would think that with all the horror stories of cyber-bullying that have become national news stories in the past few years, parents would live in fear of their own kids being victims of bullying—but there is something else that they fear even more. Homework. A new study by notorious social platform Ask.fm found that 52% of parents say they are worried social media use will be a distraction from homework, compared to 21% who worry they may be bullied. (Business Insider)
Google has launched YouTube Gaming, a new platform that aggregates over 25,000 gaming channels into one place so that gamers can find the content they want more easily. Gamers are some of the most popular YouTube creators, and YouTube Gaming “is already a hit with advertisers”—and not just gaming brands. Kotex, Wendy’s, and NBCU have all purchased ads on the site, another sign of the mainstream embracing the gaming world. (Adweek)
Quote of the Day: “Forever 21 is my favorite store to shop in, the clothes are affordable and I can find every type that I might be looking for.” –Female, 27, NY
Netflix is entering the teenage world. Their latest programming plans include shows and movies for teens and tweens, including YouTube celeb vehicle Smosh: The Movie, in an effort to attract more young viewers, “known for their elusive and fickle tastes.” Netflix’s new focus on teens is a part of their goal to be a place for every kind of audience, and could help them gain more subscribers overall, as teens tend to influence their parents’ entertainment decisions. (NYTimes, Fortune)
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