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":"f4ac85a2f851746cc767258ba137d3f5","s":"c2bf68c0a1e0271a"}