A new survey by an investment bank and asset management firm, Piper Jaffray, revealed that 9 out of 10 American teenagers use social media and consider Instagram as the most popular site.
In the survey, analysts examined how kids' social media preferences have changed over the last six months. They found that Instagram has become even more popular, with 76 percent of teens currently saying they use it-up 7 percent since last spring, CBS News reported.
Twitter ranked second, used by 59 percent of teens. Facebook came in third, but saw its popularity decline significantly. Just 45 percent of teens surveyed said they use the world's biggest social network; its popularity has plummeted by 27 percent since last spring.
Pinterest and Tumblr each claimed a little over 20 percent. Another 20 percent of teens said they use other social networks, not named in the survey but likely including some popular anonymous messaging services and the disappearing-message app Snapchat.
