Facebook at the workplace

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I am one of those people that check my facebook everyday, and if I am bored I check it more than once a day. Every job I have ever had, working for small companies, has banned facebook at work. I always wondered, "What's the big deal?" Recently, I started working for a huge company, and I was really surprised to find out that on my first day of work, I was told that it is encouraged to use facebook!!!!!!!! So what does that say about the small companies???? I think the samller companies were trying to have a tighter control over their workers. I think the samller companies should realize that happy workers are more productive and generate more profit. =)