I did a Bachelor of Arts (triple major)at UCT having majored in Film Studies, Media & Writing and Visual & Art History. Facebook falls under New Media (the forms of communicating in the digital world, which includes publishing on CD-ROM, DVD, digital television and the Internet. It implies the use of desktop and portable computers as well as wireless, handheld devices. Every company in the computer industry is involved with new media in some manner). If I was you I would have second thoughts about laughing off Facebook and Twitter.
Cool Simon. You're on Facebook. Now you can tell everyone your on facebook, and that's about all it's worth. It's really a tool for lonely and nosey folk and people with a lot of spare time like students. In other words, it's got value, but it's limited depending on who you are.
Kwagga - what about the improved communication with dispersed family? I know loads of people on fb who are not bored or lonely and I sure as hell love it when I see my nephews in the UK posting pics of their latest girlfriends, and my sisters over there get to see pics of the kids they'd otherwise never see. Some of us are actually too buys to call our friends, so I know if a friend is in hospital and needs a visit .... it has benefits.
It all depends on who you need to keep in touch with. I prefer a small group of friends who i can call when I need to, would never publish my life stories on a public platform - too many weirdo's out there (like the ones on facebook lol!). In Simon's case he has a huge following and could increase it further on Facebook and could make some cash in the process.
I have to say, I used facebook to make many friends from all over the world, actually mostly all are interested in business and investing. Some of the guys I chat the most to about shares are from my facebook orginated guys. I can see how such social networking can help build ones network, very interesting...
As far as I am concerned, facebook is a very dangerous place to be on. Your photo, personal details and even sensitive information that you put on is there for the whole world to exploit. Creditors, police, criminals, sex offenders and other all use facebook for their own dark purpose. Getting out of facebook is not easy, that is if you can successfully get out at all. Ask me I am trying to get out.