[cupofpython]

Facebook created value out of nothing; peoples boredom in-between doing all of the above. I am just saying people are treating facebook like it is stealing attention from everything else on the internet and I dont buy it.

I think it is a stretch to say any of the things you listed are competing with social media for your attention. The "attention" social media is taking from its users was previously spent on being bored, not taking care of other pre-existing needs. Social media becoming mainstream has created new "needs" for people to stay in touch with their online network. These new needs spawned economic incentives. Facebook is arguably the reason social media is mainstream at all. They have certainly earned the right to claim they are not stealing economic activity from those other pre-existing needs. You previously could not create an economic model out of people who were checking in with friends because they were bored. They created that