The flaw in business models for new-media and technology companies goes back to the early days of the Internet. Sooner or later, the 1990s’ revenue-will-follow-eyeballs model will meet its comeuppance, if Facebook’s current stock-price malaise is any indication.
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","iv":"f7287bc48f559467d691cf8265b3496e","s":"5a8c3bd2a1ad88ef"}