MySpace popularized if not invented the new “social networking” website, but Facebook is revolutionizing the concept.
“A do-everything site with the potential to devour the whole Internet,” according to Christopher Beam of Slate magazine (see How Facebook could crush MySpace, Yahoo!, and Google).
Facebook started as a college alternative to MySpace, but has exploded in popularity and will soon overtake MySpace as the most visited social networking site. According the ubiquitously accepted Alexa.com website rankings, Facebook is now the 10th most visited site on the Internet – up 6 places since the rankings were last updated (MySpace is unchanged in the 6th spot).
According to an Aussie security firm, Facebook is now so popular that it is being used as the ‘underground’ intranet by many employees. Richard Cullen of SurfControl estimates Facebook may be costing Australian businesses “$5 billion a year.”
"Our analysis shows that Facebook is the new, and costly, time-waster," says Cullen, quoted in the Sidney Morning Hearld (see Facebook labeled a $5b waste of time - Technology - smh.com.au
Read my complete article Facebook used as an ‘underground’ intranet (Communitelligence.com).
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