According to the laboriously-named Participatory Media Network, 99% of 18- to 24-year-olds have profiles on “social networks,” but only 22% of people in that age group use Twitter.  In their press release about the survey, the PMN concludes that Twitter “has yet to catch on” with Gen Y’s, and Cnet’s Caroline McCarthy parrots the PMN’s press release in her post “Young adults haven’t warmed up to Twitter.”

In what alternate universe does a service that after just over two years in existence already has a 22 percent market share count as something that has yet to catch on?  This is exactly what happens when market researchers trained in the 60′s are allowed to research things they don’t understand.  Any new online service would be thrilled to have a 22% market share of Gen Y, particularly a service that requires them to actually post content publicly to participate, rather than consuming content or having private conversations as they do on most social networks.

PMN is showing that they are hopelessly out of touch by positioning Twitter against the entire social networking space at large – it’s like saying “90% of adults 18-24 have cars, but only 20% are Toyota – Toyota has yet to catch on!”  Yet again I am severely disappointed by market researchers, as well as the press who mindlessly regurgitate these releases.