Facebook advertising spend grew by 93 per cent over the last year, as brands sought to widen their fan bases and drive meaningful engagement.
Adobe’s Global Digital Advertising Update also shows that the growth of ad spend through social network now represents between three and five per cent of total search spending.
Facebook ad cost per click (CPC) rates have increased 40 per cent quarter-over-quarter for the last nine months.
But the report predicts a deceleration, saying that CPC rates on Sponsored Stories ...
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