Facebook labelled a $5 billion waste of time
Do you still remember when Yahoo! tries to buy Facebook for $1 Billion dollar? Richard Cullen of SurfControl estimates the site may be costing Australian businesses $5 billion a year. He also labelled Facebook as a $5 Billion waste of time. Today Facebook had the largest number of registered users among college focused sites with over 34 million active members worldwide also from non-collegiate networks. Bad thing about his accusations he only labelled Facebook as the no.1 culprit, and how about Myspace? It’s the no.1 social networking website right!
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