EIGHT BILLION MINUTES SPENT ON FACEBOOK DAILY:

EIGHT BILLION MINUTES SPENT ON FACEBOOK DAILY: More than 8 billion minutes are spent on Facebook every day, Facebook executive Mike Schroepfer said in a talk Wednesday at the Web 2.0 Summit here. Some 2 billion pieces of content are shared every week, and 2 billion photos are uploaded each month--1.2 million served per second on a "peak day," he said. Five billion calls to Facebook's application program interface (API) were made on Tuesday. It's huge: Schroepfer, Facebook's vice president of engineering, was focused on talking about the challenges of scaling a social network to the more than 300 million active users it has today. "Is social media a time waster or a new and better way to communicate? We’re in the early stages still; I think well find its the latter, said Maryanne Conlin co-head of Levine Communications Office Social Media Division LCO 2.0.