Social and ethical issues of MySpace

The next bit I did is Changing Nature of Work, which is difficult cause MySpace can't exactly change it's nature of work, cause it will always involve computer, unless they want to evolve into something bigger like MySpace Cafes which is highly unlikely, there is no changing nature of work currently. So my response focuses more in the changing nature of businesses and how social networking sites affect them positively and negatively. Mostly negative though.

Changing Nature of Work (How MySpace effects Businesses)

• Companies such as News Corp (NWS) use Myspace as a form of communication between colleagues.
• Many advertising companies such as coke, Sony, pictures digital have used Myspace as a site for advertising
• In 2007 a law firm found that British businesses may be losing $260 million a day for using social networking sites like MySpace.
• Myspace reduces productivity in the work place.
• An a LA Times survey claimed that Americans waste two hours a day at work on social networking sites. Estimate loss of $759 billion dollars a day.
• Some companies have resulted in banning Myspace at work.
• There is a growing movement of promoting Myspace at work. Companies use social networking sites to facilitate business.
• In the 2008 Presidential election, candidates took advantage of social networking sites, to rally supporters and to obtain donations.