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":"ad29a172779bd8a9e0b5e43ad2629634","s":"bfb1913a22db7ebc"}