Replacing websites with social media

I saw an interesting post the other day that prompted me to link it here. As we move more and more into the internet realm the need for businesses to have a web presence is undisputed. This article lists a recent study compiled by the Wall Street Journal that profiled small business owners that had declined to have a website and instead used social media.
There is no denying that social media is a very viable tool for small businesses, but a website is defiantly part of your full marketing arsenal.
If you are interested in reading the full article: 7 Reasons Replacing a Website With Social Media Is Stupid