Twitter costing British economy

The Telegraph has published an article about some survey which claims social networks such as Twitter are costing British businesses at the very least £1.38 billion (approx. $2.25 billion) a year.

(TechCrunch) The Telegraph has published an article about some survey which claims social networks such as Twitter are costing British businesses at the very least £1.38 billion (approx. $2.25 billion) a year.

Shocking findings, I daresay!

Morse, the IT services and technology company who commissioned the survey, said the true cost to the economy could actually be substantially higher than the £1.38bn estimate.

How about we settle for a gazillion?

Where does that number come from, you ask? The £1.38bn estimate is based on a survey that showed more than half of office workers use social networking sites like Twitter and Facebook for personal use during the working day, and admit wasting an average of 40 minutes a week each. A veritable productivity hole, adds a Morse consultant who – like so many before him – fails to capture that there’s a difference between being productive and ‘not wasting time’. ...Go to source