Facebook Admits Teens Are Getting Increasingly Bored of the Social Networking Site

Losing out to apps like Instagram

Facebook has made the startling admission that teenagers are becoming bored with the social networking giant.

Facing competition from younger, more agile and 'cooler' apps such as Snapchat and Instagram, Facebook fears its long-term business could be harmed.

And as Facebook approaches its tenth anniversary the firm published its annual 10-K report last month revealing that its younger users are increasingly turning away from the multi-billion dollar business.