The number of companies that maintain blogs dropped by nearly 25% from 2010 to 2011.
That’s not a very smart move.
But it’s a growing trend. According to an article in USA Today, more companies quit blogging, go with Facebook instead, the percentage of companies on Inc. magazine’s fastest growing 500 dropped from 50% in 2010 to 37% in 2011. And only 23% of Fortune 500 companies had a blog in 2011.
Dr. Nora Ganim Barnes, the UMass Dartmouth professor who wrote the report, and world-class social media academic, told USA Today that blogging may not be the panacea that businesses thought it would be.
“Blogging requires more investment. You need content regularly. And you need to think about the risk of blogging, accepting comments, liability issues, defamation,” she said.
The problem is, the companies are taking their energy and efforts to Facebook instead. That’s not a dumb strategy. After all, at 800 million+ users, you have to fish where the fish are. And there’s a whole lot of fish on Facebook. [Read more…]