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":"3c9839d6d489d43394161dae6db1762f","s":"0c50cf156e5967be"}