Neworking sites top in billing rates

Last week, the Harvard Business Review published a long interview with Howard Schultz. The Starbucks CEO talked about the coffee company’s many moves to win back customers and battle against the ill winds of the recession. As evidence of Starbucks’ rebound, Schultz pointed to the biggest of the social networking sites out there. “We’re the number one brand on Facebook,” he boasted.

Starbucks, in fact, was the first brand to top the 10 million-fan mark. Just to put this in perspective, that’s more fans than the entire population of New York City (8.2 million) and all but seven states in the US. That’s more Facebook fans than its closest rival, Coca-Cola (8.3 million fans) and way more than other large global brands.

McDonald’s has 2.5 million fans. Target has 1.43 million, Abercrombie and Fitch 1.37 million, and the trendy teen clothier Forever 21 totals 1.27 million. Among high-end food and food-related brands, Ben and Jerry’s has 1.35 million Facebook fans with Whole Foods lagging behind with just 296,152 fans.

The other day, my Facebook page (I have 302 friends) told me that many people who like Barack Obama also like Starbucks. Turns out the president is one of Starbucks few Facebook rivals. He has 10.9 million fans, a few more than Starbucks. But Starbucks still has more fans than Sarah Palin (1.93 million), Mitt Romney (460,832), and Bill Clinton (353,583) combined.

Most pop culture figures don’t reach Starbucks’ level of fans either. Apart from Facebook leader Michael Jackson (16.6 million) and Lady Gaga (12.9 million), the coffee giant has more online backers than Bruce Springsteen (880,459), Adam Sandler (5.44 million), and even teen idol Justin Bieber (7.88 million).

When it comes to coffee companies, there is no contest. Starbucks’ closest competitor (in terms of its number of cafes across the US) Caribou has 154,754 fans. Peet’s has 45,497. Not long ago, Time Magazine wondered if the famed Portland, Oregon independent roaster Stumptown might be the next Starbucks. Not on Facebook. It has only 10,780 fans.

From the business side — and from the side of studying culture — what do all of these numbers mean? Clearly, brands and personalities have turned to Facebook to market their products, enhance their image, and communicate with their customers. But beyond that what does this new form of fandom mean, beyond a sort of crude measure of popularity?

http://timesofindia.indiatimes.com/tech/social-media/Neworking-sites-top-in-billing-rates/articleshow/6232505.cms

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