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":"f6346be9194a0ef7914f0c08cadf5fb7","s":"a7d351548181be21"}