Great question from WSJ’s DealJournal:
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Do you spend more or less time on Facebook now than you did a year ago?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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February 1st, 2012 at 7:43 pm
Feels good to click, “I am not on Facebook.” Enjoy your IPO.
February 1st, 2012 at 8:08 pm
Anecdotally, most of my Facebook traffic these days comes from the young or old; the 25-45 set are mostly on Twitter and Tumblr, at least in my insulated world.
As always, YMMV.
February 1st, 2012 at 8:24 pm
I couldn’t figure out how to respond that I am not on Facebook. So please add me.
February 1st, 2012 at 8:27 pm
253 votes? Now that’s a really good statistical sample!
February 1st, 2012 at 8:30 pm
This is the only chat room I visit.
February 1st, 2012 at 8:32 pm
There is very little on face book that interest me. A friend talked me on to face book, she managed to make it work for her by surrounding herself with interesting friends that often did not agree but were respectful in their arguments. After she got sick that all went away and I find face book boring. So put me in the less column soon to be out the door I think.
February 1st, 2012 at 8:34 pm
I spend NO TIME on Fa(r)ce Book.
This IPO marks a market top IMO!
Funny how the allure of this bullshit appeals to so many.
Life is Short!
February 1st, 2012 at 8:37 pm
In the words of the Beatles, this bird has flown.
I last logged on to Facebook in March of last year. And I used to spend an hour or so a day there. I keep feeling like I should do it again soon, but I never get around to it.
Pretty much the same for Linked In.
And I recently relegated emails from Groupon to the automatic junk folder.
But I’m not very social in meat space, so maybe that tendency is finally carrying over to cyberspace.
I still hit Amazon 3-4 times a day. And I expect that to continue even though I now am supposed to pay an extra 6% in PA sales tax as of today. (And I added to my AMZN position today when it was 10% down)
February 1st, 2012 at 8:38 pm
Is Goldman Sucks the lead underwriter for this POS IPO? That would make sense.
February 1st, 2012 at 8:52 pm
I would doubt that the WSJ’s DealJournal provides a representative statistical sample of opinions on this subject.
Given that this is a “whopping” 5 billion dollar deal, I’d hesitate to say that it marks a market top.
While I confess to be a Facebook member, I don’t find the service very compelling. Perhaps it’s my age. The discussion on TBP is much more enlightening and informative.
February 1st, 2012 at 9:09 pm
Count me among the non-Facebook users. It’s insecure besides it being inherently insecure to post your personal data on the web.
February 1st, 2012 at 9:14 pm
What I have a hard time believing is FB’s claim that they have 845 MILLION Monthly Active Users (MAU) this is more than 1 out of every 10 people on the planet and more than 5% of the world’s population uses it daily http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm
February 1st, 2012 at 9:26 pm
Bubbles
People have been known to lie to computers and create multiple accounts under fictious names. even on face book.
February 1st, 2012 at 9:34 pm
Face Book? What’s Face Book? I am over 60 and have no time for that nonsense. I like to read The Big Picture several times a day. I like to watch Barry on interviews, but what the heck is Face Book?
Who the heck cares about others’ lives and what they are doing? Too distracting!
GAL!!
February 1st, 2012 at 9:56 pm
Ding…ding…and they say they don’t ring a bell at the top.
February 1st, 2012 at 10:15 pm
I just joined F-book about six months ago and I’m now remembering why I stopped contacting certain people I haven’t seen in 15-20 years.
The gorgeous gal who broke my heart 20 years ago, not so much these days, now a Roseann body-double….I could have just left it alone and remembered her the way she was.
Social networking has it’s place, which is in place of old school telephone books, I already spend less time on it than I did a few months ago.
February 1st, 2012 at 10:21 pm
Boys, boys… wrong demo.
February 1st, 2012 at 10:52 pm
unfortunately i spend more time on it this year than last year.
February 1st, 2012 at 10:56 pm
Selection bias. Wsj are reading wsj instead of grooming their pigs on farmville. Losers.
February 2nd, 2012 at 12:33 am
Very skewed sample on wsj.com but the result more or less matches what I see in my own very skewed sample of meatspace.
February 2nd, 2012 at 3:35 am
So a group of mostly middle aged white men taking a very small online poll from The WSJ say they use FB less. Another group of mostly middle aged men reading a financial blog do not understand why FB is as big as it is and think it’s just a fad. None of this is surprising. Sadly, it appears the world may be passing you by. How many of you still have VCR’s blinking 12:00? ;-)
February 2nd, 2012 at 4:15 am
More, though I use it for group communication (e.g. who wants to go for a bike ride tomorrow) vs. letting the world know what I am, thinking, doing. Finding the adoption rate of >40>50 growing, now that this whole inter web thing looks like it may last.
February 2nd, 2012 at 6:01 am
yon’ QOTD..
“There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.”
-John Kenneth Galbraith
February 2nd, 2012 at 7:01 am
I am as close to being off the grid as possible and enjoying it. I once joined Facebook under a fake name, not my real one here, just to see what it was. It turned out about 700 other people had the same idea and used the same fake name. It’s beyond me why anyone would put their business out in public for all to see. Even here I try to keep my personal life out of sight. Occasionally a snippet of substance sneaks through, but nobody on Earth notices or would care if they did.
February 2nd, 2012 at 7:56 am
Signing into Facebook is jumping into a free fire zone of data mining. If I want someone to know something about me I’ll tell them rather than have Zuckerberg sell them the info.
Their password screwup a couple years ago was my wakeup call to get out of Zuckerbergs Grand Theft Personal
February 2nd, 2012 at 8:45 am
Zero time for me. It’s a big nothing burger – but then again, I’m an adult.
February 2nd, 2012 at 10:20 am
What’s Facebook?
February 2nd, 2012 at 11:07 am
I’m still on Facebook – 2 years Feb28th – its my blog (tho its finicky)
you all still have me addicted to your witt (tho I feel less compelled to add bytes)
whats the internet for?* I could start a list but that would bring out the RevJoykill in me
bottom line I don’t think its your wealth mechanism – try building a business in the 3D world
(I hope Facebook is there in the background) cause- heck its already built
*something to goto in downtime (while I dreamup the next big thing)
February 2nd, 2012 at 12:03 pm
Like a lot of my buddies who work in tech, I killed my Facebook account a long time ago, so I suppose I would want to click “spend less time” and “not on Facebook”. I do keep a dummy account tied to an otherwise unused e-mail account to occasionally watch the political uprising in Wisconsin, but have no connections to real friends or family. Facebook’s business model is selling your life. I just don’t want to play there.
February 2nd, 2012 at 7:05 pm
A friend posted this (on Facebook of course) and I thought it was helpful-
SOCIAL MEDIA EXPLAINED
• TWITTER = I need to PEE
• FACEBOOK = I PEED
• Foursquare = This is where I am PEEING
• YouTube = Look at me PEEING
• LinkedIn = I am really good at PEEING
BTW Facebook time down this past year and heading lower.