Are Enterprise Networks Blocking Facebook?

Bankers are taking to social networking in increasing numbers.

It is catching on with people who care more about a paycheck, than who actually signs it.  If you need loyalty, get a dog.

And success in business is often defined not by what you know, but who you know…

How big is your online Rolodex?

Executives are increasingly using such networking sites as Facebook and LinkedIn to establish business contacts and recruit clients, blurring the lines between social and corporate networking. Portfolio

We have been reading about how Facebook has already vanquished LinkedIn, and traffic patterns would certainly seem to bear it out. But many people on Wall Street live in their office. How are you supposed to spend time on Facebook if it is blocked by your IT manager?

Apparently 2/3 banks in London have blocked the use of Facebook in the office. And I can see why. Not only do parents spy on their kids friends, old fogies lust at the revealing pictures of graduates swimming in the river cam wearing see-thru t-shirts [Editor: steady] and highly paid employees waste time trying to avoid being a facebook hermit. Fintag

Facebook might be steamrolling everyone, but LinkedIn might offer one thing Facebook does not have. Respectability.

At least with the IT gatekeepers who control access to information on Wall Street.. What good is Facebook if you can’t access it? True, LinkedIn could suffer the same fate. 

But it would seem that adults are more apt to use it for legitimate purposes....unlike the games kids play on Facebook.

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The content contained represent the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.

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