Facebook works for me very well because I don't quite use the news feed as a social networking feed. I have changed its push model to a pull model. That means,

Facebook works for me very well because I don't quite use the news feed as a social networking feed. I have changed its push model to a pull model. That means, I have pretty much hidden all of my friends and use the news feed to only read updates from magazines and pages I am interested in. I however visit people's profile that I am reminded of every now and then to see whats going on with their lives. The closer I am to someone the more frequent her/his profile gets a visit. To make this tractable, I every few months go through a round of deleting people I don't care about (like someone I've met for a few minutes and I am sure I will not see again, or if I do I will mostly likely pretend I don't know the person).