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Found some information at a few blogs and at Techcrunch today. You need to be careful about your use of social networks, particularly the infamous Facebook. Not only is it actively patrolled by drunkards and miscreants (just kidding), but it is a definite time zapper. And, many organizations are paying attention:

[Charlie] worked for the investment bank Goldman Sachs, he spend an 500 hours in the last six month on Facebook. This is about 4 hours a day!!! What I can’t understand is, what do you want to do 4 hours a day on Facebook? It is getting worse, Charlie got a warning from his employer to stop going on Facebook during work-time. He ignored the warning and posted it on Facebook, mentioning that he is more afraid of losing Facebook than his job.

I don’t know how someone could spend 4 active surfing hours a day using Facebook. According to additional reports on Techcrunch:

Unwisely, perhaps, Charlie posted the warning email on his Facebook account, saying “It’s a measure of how warped I’ve become that, not only am I surprisingly proud of this, but in addition, the first thing I did was to post it here, and that losing my job worries me far less than losing facebook ever could.”

Be careful out there. Don’t lose your life to Facebook.