Just as AVGWarhawk said, it depends how you use it.
Use it correctly, it is a communications tool. You have contacts that you don't loose if someone changes a phone umber or moves far away, free message sending, free data sending, free image server (I use FB to post images on Subsim), hangout on a cold winter evening when you're too tired to actually go out.
Just don't post personal info. No account details, no actuall adresses, photo's of your car with the licence plate visible or worse, photo's of your cars valuable stereo and info where you hide the control plate.
I don't trust facebook and I realise I am the product here, that's why I make myself a product imposible to exploit.
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