TOP 11 Facts About Facebook

It seems like everybody everywhere is always on their phone. People comsume media very differently today than they did even a few years ago, and as a business, it's critical that you are taking advantage of mobile advertising. Social media platforms such as Facebook have an insanely captive audience, and we have troves of data about this audience that allows us to very efficiently and aggressively target your ideal audience. Facebook is a very valuable tool that many of our clients use, and here's some amazing facts about it!

1 - Facebook’s ‘Like’ button used to be the ‘Awesome’ button. Facebook engineer Andrew Bosworth said that he and other engineers were enthusiastic about the “Awesome” button, but that the idea was ultimately vetoed by Zuckerberg in 2007. The site eventually settled on the “Like” button, a decision that Bosworth said was met with a decidedly lukewarm reception. (source)
2 - Facebook stores approximately 300 PETABYTES of user data on its servers. There are 1 million gigabytes in a petabyte. The entire written works of humankind, in every known language (including Latin and other historical languages) from the dawn of recorded history, would occupy approximately 50 petabytes. Think about that for a minute. (source)
3 - In 2014, the alleged global economic impact of Facebook was approximately $227 billion. However, this statistic (and the methodology behind it) has been called in question by several leading economists. Whether you buy Facebook’s data or not, there’s no doubt that Facebook has had a serious impact on economies around the world. (source)
4 - Facebook’s user base grows by eight people per second, or 7,246 people every 15 minutes. Some naysayers have foretold of Facebook’s impending demise, but aside from boasting the largest user base of any social network in the world by a gigantic margin, this statistic proves Facebook is still growing. (source)
5 - In 2015, Facebook boasted 22% of WORLDWIDE mobile Internet advertising revenue. That means almost one-quarter of all advertising revenue generated from mobile Internet ads in a single year went to Facebook. (source)
6 - There are now more than 2 million active advertisers on Facebook. The popularity, impact, and cost-effectiveness of Facebook ads has made the site one of the most popular online advertising platforms in the world, and its upward trajectory seems likely to continue. (source)
7 - Facebook ads targeting custom audiences have 14% lower cost-per-click and 64% lower cost-per-conversions than ads utilizing interest- or category-based targeting, on average. In addition, Facebook ads using custom audience targeting had conversion rates 387% higher than ads only using demographic targeting. (source)
8 - Every minute of downtime outage costs Facebook approximately $24,420. The “prolonged” outage that lasted for 19 minutes in August 2014 cost the company almost $427,000 – and you thoughtyou were pissed when Facebook goes down. (source)
9 - Posts published between 10 p.m. and 11 p.m. EST receive approximately 88% more interactions on average than posts published at other times of the day. Also, ending posts with a question lifts interactions with those posts by an average of 162%. (source)
10 - In September 2014, Facebook users watched a collective 1 billion videos per day. Today, that figure is more than 4 billion – and 75% of these video views occur on mobile devices. (source)
11 - Videos are the most-shared content type on Facebook. On average, videos receive 89.5 shares per video, significantly higher share counts than photos or text-based posts. (source)
BONUS! - Posting just once or twice per day on Facebook yields an average of 40% more engagement than posting three or more times per day. This shows that, despite marketers’ best efforts to beat Facebook’s rapidly declining organic reach, you can’t just use brute force to make yourself heard. (source)

Thanks to Wordstream Blog

About us: Level 11 Online Marketing is a fast growing digital advertising agency that is becoming known for disrupting the status quo.  We specialize in digital advertising, video production, SEO, SEM, advanced analytics, custom web solutions via website design & implementation, social media strategies and conversion optimization.  Headquartered in Utah, you will find Level 11 team members in Utah, Washington, California, Idaho, and Colorado. We have the best creative minds in the industry backed up by the most talented software developers and video production teams which leads to powerful, efficient advertising campaigns.

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