Yesterday in the Sydney Morning Herald, it was claimed that Facebook users, which Sydney Uni has quite a few, waste up to $5billion a year for their companies. (The article is online here). All of this rests on the assumption that employees spend an hour a day of their productivity time on Facebook (as opposed to Moveable Type or a 6A blog instead...)
There has been reaction to this has been cropping up all over, including on Ross Dawson's "Trends in the Living Networks" ("Companies that close networking doors jeopardize their future), Steven Lewis on "ZestDigital" (Facebook set to destroy Australia by tomorrow" )and Rand Leeb-du Toit's blog "MetaRand" (Facework: good for your health too!).
It might be worth a look at the reaction of those people who use Facebook and other social networking sites as a part of their business before passing judgment.