Have you ever thought about the total amount of time people spend on Facebook?
I bet you have felt guilty because you spend too much time on Facebook, catching up with pictures and events. Well, don’t be too worried, because you are not alone. The use of Facebook has been growing exponentially, since its launch from a Harvard dorm room in February of 2004. The number of active users has increased by more than nine percent each month, since its creation through July of 2010, when more than 500 million people were registered as active users, each user with an average of 130 friends.
In terms of the federal minimum wage, the time each person spends on this social network is equivalent to US$225 dollars a month or equivalently, believed or not, 7.19% of the U.S. total GDP in 2009. Is this the social cost of gossip?