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":"30ae84a41e1622dea1457247b9d946a6","s":"c55df12bfeea6b53"}