![Facebook Costs American Companies a Staggering $280 Billion a Year](http://townsquare.media/site/241/files/2011/08/facebookbillions-300x225.jpg?w=980&q=75)
Facebook Costs American Companies a Staggering $280 Billion a Year
Checking your Facebook status could lead to your company's downfall.
Okay, that may be a bit of an exaggeration, but tech blogger Michael Fitzgerald was able to calculate that workers wasting time on the social networking site costs US companies $280 billion in annual productivity losses.
Fitzgerald used publicly available information to conclude the average American worker spends seven minutes a workday on Facebook -- if he has regular computer access at his place of employment. Figuring 30 percent of the US' 160 million workers have this access, and that the average US salary is $50,000 a year, Fitzgerald did some handy dandy calculations and came up with the $280 billion sum.
The staggering total Fitzgerald calculated even dwarfs the valuation of Facebook, the company, which is worth an impressive $50-$65 billion.
More From TSM Interactive
![Flyaway To Las Vegas To See Adele](http://townsquare.media/site/241/files/2021/12/attachment-featured_1600x1067-3.jpg?w=980&q=75)
![Carrie Underwood’s Gift For You](http://townsquare.media/site/241/files/2021/11/attachment-featured_1600x1067-2.jpg?w=980&q=75)
![Christmas in Orlando With The Trans-Siberian Orchestra](http://townsquare.media/site/241/files/2021/11/attachment-featured_1600x1067-1.jpg?w=980&q=75)
![See Ghost and Volbeat in Dallas](http://townsquare.media/site/241/files/2021/11/attachment-featured_1600x1067-6.jpg?w=980&q=75)
![Escape To Florida With Old Dominion](http://townsquare.media/site/241/files/2021/10/attachment-featured_1600x1067-5.jpg?w=980&q=75)
![Shinedown Rocks the Sunshine State](http://townsquare.media/site/241/files/2021/06/attachment-Shinedown-Credit-Sanjay-Parikh.jpg?w=980&q=75)
![Crime Capitals: Cities with the Most Property Crime](http://townsquare.media/site/241/files/2021/06/20_Cities_with_the_Most_Property_Crime_-_Insurify.jpg?w=980&q=75)
![Five Finger Death Punch Albums Ranked](http://townsquare.media/site/241/files/2020/01/featured_1600x1067.jpg?w=980&q=75)
![Harry Styles’ 40 Most Handsome Red Carpet Photos](http://townsquare.media/site/241/files/2020/01/GettyImages-880669318-1.jpg?w=980&q=75)