Originally posted on VentureBeat:
Social media skills aren’t just nice to have — they correlate strongly with your company’s performance in the stock market.
According to a study of the FTSE 100 by social media consultancy Sociagility, companies’ social media savvy is correlated with market capitalization. No surprise there: The bigger a company is, the more resources it has to engage with the public via Twitter, Facebook, and the like.
But the company also found that doing social media well correlated to rises in the companies’ share prices, at least for the three weeks in November addressed by the study.
“Higher social media performance scores were associated with positive changes in share price,” Sociagility said in a statement.
“Of course, many more data points would be required to determine whether or not this represents a real or consistent lead indicator,” the report cautions. “However, the presence of any such statistically significant correlations between social…
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