Is "Myspace" A Total Waste of Time?

"Still, there are reasons for business and technology managers to be wary of Facebook, as well as MySpace, LinkedIn, and other social networking apps. They can sap employee productivity or, worse, be a source of governance violations or breaches of company protocol. A poll by Sophos found that 66% of workers think their colleagues share too much information on Facebook. Forrester Research recently found that 14% of companies have disciplined employees and 5% fired them for offenses related to social networking. No wonder half of companies--Citigroup, Goldman Sachs, JPMorgan, UBS, and Lehman Brothers among them, according to Financial News--restrict access to Facebook."
|Read more|
_________________________________________________________________________________
Myspace can be detrimental to the psyche of some young people. Take for example the case of Jenny K, a twenty-year old very desperate young woman. She advertised for a man on the social networking site, Myspace. She was taken advantage of by a 40 year old unemployed man who illegally brought her alcohol and took advantage of her sexually. He later persuaded her to post bail for him on outstanding criminal charges.