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April 23, 2024
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Editorials

Facebook, Twitter turning media companies: drawing blood from stone?

September 4, 2012

Mickey Alam Khan is editor in chief of Luxury Daily

 

By Mickey Alam Khan

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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