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Breaking News: Facebook & Myspace in Content Sharing Talks

myspacenewWelcome to the inaugural post of Only Facebook! It seems fitting that we kick off the blog with such breaking news – the Telegraph.co.uk announced earlier today Myspace and Facebook are engaging in talks around sharing content. MySpace’s CEO Owen Van Natta is quoted as saying “we are in talks with Facebook, and other sites, about how we could partner with them.”

The move could potentially see MySpace music and video footage being shared on Facebook via its Connect platform. This would be a huge win for Facebook as Myspace tends to still be the social platform of choice for musicians.

Sheryl Sandberg, Facebook’s chief operating officer, told The Telegraph: “Facebook is focussing on building the best technology which helps people share content, while at MySpace they are focussing on more a content-led strategy. We would like to have their content, as we already do with many other sites, shared across our network because it is good for our users.”

What are you thoughts? Is this a good move by Myspace?

New Productivity Study Suggests Facebook Costs Billions

An IT Consulting Company – Morse-  estimates that use of social networking sites in general (of which Facebook makes up the vast majority of usage) cost employers upwards of $2.25 billion each year in lost employee productivity. This report is adding fuel to an ever increasing debate surrounding the ban of Facebook in the workplace.

Currently, more than half of CIOs in a Robert Half Technology survey said their firms don’t allow employees to visit social-networking sites for any reason while at work.

“Using social-networking sites may divert employees’ attention away from more pressing priorities, so it’s understandable that some companies limit access,” said Dave Willmer, executive director of Robert Half Technology. “For some professions, however, these sites can be leveraged as effective business tools, which may be why about one in five companies allows their use for work-related purposes.”

Having an active social life is somewhat important for one’s psychological well being, however this provides a valid argument for banning social network usage in the work place.

What are your thoughts? Should employers ban the use of Facebook in the workplace?

Facebook Consumes 5% of All Time Spent Online

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Facebook, with over 350 million members, is now the Internet’s ultimate time waster. Members are now spending more time on Facebook than any other website including Google, YouTube and Yahoo.

But there’s more. According to comScore, in the U.S. during November, 5.5% of all time spent online was spent browsing on Facebook. This more than doubles last years time consumption.

Also according to Comscore, Facebook passed 100 million unique visitors in the U.S. for the first time during the month and moved up one spot to become the fourth most popular website in the U.S. based on traffic.