Just look at Facebook’s revenue from advertising.
Anyway, I thought I’d do some digging around to represent both sides of the Facebook argument.
On the one side, advertisers that are reaching targeted audiences, finding local users who might download an app, promoting content and driving traffic to their websites. On the other, those that believe Facebook isn’t all that.
Then you can make up your own mind.
In favour of Facebook
Active user base
Facebook has the most active user base of the major social networks. A GWI Social report showed that in the second half of 2013, 95% of Facebook users logged in at least once a week.
Clicks and CTR are up
Kenshoo has reported big increases in impressions, clicks and CTR from Q3 2013 to Q4. Impressions and clicks are expected to be up during the busy holiday quarter, but CTR and CPC still look promising.
Adobe reports similar goodness for Q1 2014 (year on year).
Facebook refers more traffic than any social network
Shareaholic reported referral traffic from social networks to 200,000 sites in the last months of 2013 and Facebook comprehensively topped the list.
Mobile app ads are flying
Mobile App Ads are estimated to have generated more than 145m downloads in 2013.
What’s more, deep linking allows Facebook advertisers to engage users that have already downloaded an app, to keep engagement up.
Facebook showed it can deliver clicks in the summer months, traditionally a time when media formats such as TV find it more difficult to perform for advertisers.
Jon Myers of Marin hints that Facebook ads and advertisers are getting better at targeting users due to the fact that ad impressions decreased in 2013 but clicks and CTR increased.
Time spent in app
Facebook is dominating mobile app usage, as this chart from Flurry shows.
And the beef?
Well, it’s the other side of the same coin. As the platform succeeds with advertising, it becomes harder to game it without paying.
Longer term, we’ll have to keep an eye on usage of the network. Google isn’t about to be usurped by DuckDuckGo, whereas new social networks are pulling active users from Facebook (which fell by 3% in the second half of 2013).
Let me know what camp you’re in.