Fortune 500 companies are increasingly using corporate social media accounts, with 77% now on Twitter, 70% on Facebook, and 69% on YouTube, according to a recent report by the Center for Marketing Research at the University of Massachusetts, Dartmouth.
Big brands are embracing other social networks as well, with 35% of companies on Fortune's 2013 list now on Google+, 9% on Pinterest, 9% on Instagram, and 9% on Foursquare.
Of the companies with social media accounts, 59% link to these platforms from their corporate homepages, whereas the rest require additional searching.
Below, additional key findings from the study.
- 34% of Fortune 500 companies are creating and sharing content through corporate blogs. The 171 corporations with blogs come from 58 of the 75 industries represented in the 2013 Fortune 500.
- Corporate blogging varies significantly by industry: 53% of Fortune 500 companies in the telecommunications sector blog, but no companies in the tobacco and pharmaceutical industries do.
- 79% of the blogs are kept current, take comments, have RSS feeds, and take subscriptions.
- Nine of the top 10 companies (Wal-Mart, Chevron, Phillips 66, Berkshire Hathaway, Apple, General Motors, General Electric, Valero Energy, and Ford Motors) have Facebook pages. Exxon does not.
- 96% of companies in the specialty retail industry are on Facebook, but only 44% of companies in the utilities sector are on the platform.
- Facebook, not surprisingly, has the most Facebook fans. Coca-Cola follows with over 66 million fans. Walt Disney, Starbucks, Wal-Mart, and Target all have more than 20 million fans.
Ayaz Nanji is an independent digital strategist and a co-founder of ICW Content, a marketing agency specializing in content creation for brands and businesses. He is also a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, AOL, and the New York Times.
LinkedIn: Ayaz Nanji