I have shared quite a fair bit on my take for facebook. I used to think its great to keep in touch with friends and it’s a truly remarkable model where they keep you on it by playing a lot of games that requires attention and twitter like comments.
However, from a business point of view I see it as a downside to productivity. I seen colleagues in the past and friends spending their working hours playing facebook or checking what their friends said. That time could be better spend doing things more productive instead of complaining about no time to do things.
Its good to check it once in a while but for some it might have become a great distraction, an obsession even.
The astounding thing about this infographic is that it seems the app revenues earn from this market is much bigger than that of Apple’s app store:
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.