Yes, it takes time to manage the sites, and then there is a decision of which sites to use: MySpace, Facebook, Bebo … the list goes on.
There is so much I could write on the issue, but I think this Socialnomics video says it all.
What do you think? Social networking: useful tool or evil waste of time?
Note: this post was originally published in 2008, but the formatting was lost, along with with the video embedding. Apologies for using a more recent video, but as I’m adding this in November 2014 if the stats are from 2008 or 2009 really mean little. Enjoy the laugh from how out of date it all is.