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Is it worthwhile to submit our websites to directories?

Content is king, I also use facebook for creating a community. Links are not that valuable these days.

You have been sadly misinformed. They have been important for years, they are still important, and they will continue to be important for the foreseeable future.
 
It is good to submit your website to the directories. However make sure that the directory websites are authoritative and they have good amount of incoming traffic. Only then the benefits can be passed on to your website.
 
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