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Financesyrup ยป Effects of social media on business

Effects of social media on business

Social Media Impact on Business: Key Stats

March 25, 2025 by Achugamonu Uzoma

effects-of-social-media-on-business

Social media adoption by U.S. small businesses increased revenue by 24% on average in 2023, with 78% of firms reporting improved customer engagement (U.S. Chamber of Commerce, 2024). Companies with active social media presence saw a 15% higher customer retention rate in 2024 compared to those without, based on a survey of 1,000 businesses (Forbes […]

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