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":"0343801c3fbac1d9b7a0e58220a33b9d","s":"9604bb987f9e47e6"}