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.
{"ct":"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","iv":"0094761276400a2d7a6120915d343a43","s":"6ac72faa75156527"}