Twitter and Facebook costing British economy £14bn a year?

Social networking websites like Facebook and Twitter are costing the British economy up to £14 billion a year in lost working time, a new survey has suggested.

Over half of British employees admitted to updating their personal Twitter, Facebook and MySpace profiles while at work, while a third said they spent half an hour a day using the websites.

Two million people – or six per cent of Britain’s 34 million-strong workforce – admitted wasting more than an hour every day adding friends, uploading pictures and videos and tweeting. More...

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