By Keith Trivitt | @KeithTrivitt | Director, Marketing and Communications
Facebook has been all over the news lately. Unfortunately for the company, much of that news has been of the non-positive, stock-sinking variety. But there is a silver lining: Facebook appears to be finally getting its act together when it comes to brand advertising! At least, that’s what we’re led to believe by the frenetic PR push the company has been on in recent weeks.
The reality, as Digiday’s Brian Morrissey expertly dissected in a recent post, is more nuanced and less rosy for the social network. In that blistering post, Morrissey declared what many digital marketers have long grumbled to themselves: “Facebook’s got a brand problem.”
The post details how, despite some laudatory press about its overhauled ad offerings, marketers aren’t buying the hype that Facebook is trying to portray about its value to advertisers. “More often than not, marketers proclaim to love Facebook, only not for the ads,” Morrissey says. But much of what they love about Facebook is its “earned and owned media” and brand equity-building qualities: the fact that it allows brands a free and enormous platform upon which they can distribute their messages to whomever they’d like.
Despite this apparent upside, there are many reasons why skepticism remains high among marketers over the value of advertising on Facebook. Whether it is the feeling that Facebook just doesn’t just doesn’t care about brands, or the daily grind marketers have trying get some semblance of reasonable stats and analytics about the value of the money they spend on Facebook advertising, the general perception seems to be that Facebook is putting on a show for advertisers rather than helping them deliver results. (more…)