Putting a Value on Facebook Communities
Putting a specific value on Facebook communities is a matter of some debate. Vitrue is hoping to shed some light on the subject with a new tool that evaluates the earned media worth of brands’ Facebook pages.
If you buy into the social media specialist’s underlying thesis — and even Vitrue concedes it’s not capturing the entire picture — the popular Starbucks Facebook page is worth $20.7 million.
Starbucks boasts 7 million-plus “likes” (Facebook recently retired the “fan” nomenclature for brands).
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