Friday, April 22, 2016

Is Facebook actually worth $1.5 trillion?

It could be, if we were attempting to place a value on the loss of productivity generated by Facebook.  This article seems to think so.  According to the article, "the Manhattan Project is equivalent to about 0.5% of the time consumed by US Facebook users in a single year".

Here's a recent chart on how much time we're spending on social media.

Maybe it could be worse.  We could be spending close to 2 hours per day on chat apps.  See Thailand in the chart below.

Does that mean the average person in Thailand spends close to 35 hours a week on some form of social media or chat application?

Nobody's suggesting we go back to the way things were before the internet, but it looks like we could all do with a little more social and a little less media in our lives?

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