Is Facebook killing corporate websites?

Several recent studies point out to a decrease in traffic to traditional corporate websites and an increase in traffic to Facebook.

Does that mean that web users are turning their back on traditional websites or that they are spending more time on Facebook and are more likely to visit the corporate Facebook page rather than the corporate website?

It is worth noting that if the trend is very noticeable with traditional brand focused static websites, the trend reverses when it comes to transactional websites.

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