The Time-Wasting Network

‘If time be of all things the most precious,” Benjamin Franklin said, “wasting time must be the greatest prodigality.” But he had never heard of a status update.

Facebook is the world’s foremost purveyor of information you shouldn’t care about. Facebook founder Mark Zuckerberg is to uselessness what Henry Ford was to the automobile. He has mastered it on an industrial scale and is riding it to a vast fortune. At more than $100 billion, the valuation of Facebook equals the annual GDP of Morocco or Vietnam, countries that don’t top anyone’s list of economic powerhouses, but do actually produce some things of value.

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