What Are Your Rules With Your Children About Myspace/Facebook/Xanga?

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My two oldest children have them and so does our Italian exchange student I have one but I rarely get on it these days. My two got them before I knew what they were. My rules are 1.) Only add people you know 2.)No explicit behavior 3.) No pictures that explicit if any of these happen then they're accounts will be deleted What are your rules? Are your teens even allowed to have them? If your child is too little, are you going to allow them to have them? Thoughts, Comments and Opinions are welcomed