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Axios

Business

Social media news consumption slows globally

Facebook Google Meta TikTok Instagram United States

Data: Reuters Institute Digital News Report 2023; Chart: Axios Visuals; Note: Respondents were ages 18+ from select countries, including UK, USA, Germany, France, Spain, Italy, Denmark, Finland, Japan, Australia, Brazil and Ireland

Social media has shrunk as a source for news, mostly due to Facebook's global pullback from news.

Why it matters: Growth in news consumption on vertical video platforms like TikTok and Instagram has not grown fast enough to offset the reduction in news consumption on Facebook globally.

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