CHART OF THE DAY: The Number One Reason People Still Haven't Joined Facebook

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The number one reason for people not using Facebook? It’s not a fear of losing privacy.

It’s because they think it’s a waste of time. And they think that increasingly, as they see their friends sucked into a vortex of looking at photos, playing FarmVille, and posting status updates.

The chart below is a chart from Wedbush Securities, based on a survey of 2,500 people over the age of 18.

As you can see more people said they weren’t on Facebook because they think it’s a waste in November than they did in September.

chart of the day, facebook waste of time, jan 2011

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