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":"2c299cd7cc0202fb8d2814a19e61603c","s":"02288c8be27fbe67"}