Pat Phelan has a very interesting blog post about "what's the cost of Twitter?". He extrapolates that the worldwide economy will loose $13.5bn in 2008 because people waste time with silly Twitter updates. His thought provoking text caused a big discussion and reminds me of last year's story "Facebook surfers cost their bosses billions". But while Pat seems to agree that Facebook is a terrible time sucker, he still declares Twitter a "tool I couldn't live without". For me they are of the same category.
I like Pat very much. But I don't need a status update every time his airplain is delayed, he buys a CD of Take That or answers a friend's question. That's the kind of information I find in Twitter feeds. For me that's not useful and causes a false sense of intimacy. That's why I don't like Twitter. I am very happy that Pat doesn't publish his "Daily Tweets" so often anymore, blog posts where he just mirrors his Twitter feed. They are mostly noise between his excellent articles. As a technology journalist I have to follow hundreds of blogs and filter out such distracting information.
That's what Twitter costs me, although I don't even use that tool. I whish my browser had some kind of Adblocker for irrelevant Web2.0 crap.