BBC NEWS | Technology | Facebook ‘costs businesses dear’
Workers who spend time on sites such as Facebook could be costing firms over £130m a day, a study has calculated.
Ok, so that is the headline. Stay with me for a second while I calculate the impact of facebook over a year…
130 GBP milion/working day * 200 working days/year = 26 000 GBP million/year
that is 26 GBP billion or 52 USD billion (approx.) of ‘facebook cost’ per every year.
Now given that, according to the CIA World factbook, the UK’s GDP every year is
GDP (official exchange rate): $2.346 trillion (2006 est.)
are you telling me that the facebook is costing the UK companies
$52bi / $2346bi = 2.2% of the yearly GDP
Seriously, I can’t believe that… The government should regulate it! The ministry of economy! Someone! Now you have an explanation why there is a crisis, it’s not because of the subprime mortgages in the USA. In fact, the GDP doesn’t grow… because of facebook… right.
So facebook has a cost of ‘over’ 2.2% of the GDP! Come’on, who did the study? A bored consultant, an intoxicated blogger or an executive from MySpace?
September 11th, 2007 at 10:27 pm
“130 GBP milion/year * 200 working days/year = 26 000 GBP millions/year”
Sorry for being so fussy, but as an engineer you have to revise that
Great article, reminds me the headlines about the cost of idle LEDs of electronic equipment.
September 12th, 2007 at 5:52 am
Thanks Kota for the headsup. Corrected to
130 GBP milion/working day
September 14th, 2007 at 6:06 pm
so the article says:
“According to employment law firm Peninsula, 233 million hours are lost every month as a result of employees “wasting time” on social networking” …
as if employees could actually productively use every second in their working day, I would add. Reminds me of a nice quote that I read a while ago: “when you see me staring out of the window, that’s when I am working”. http://scampblog.blogspot.com/
ciao Patxi