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":"ce5c171a618e352f5f03f3942f0c098a","s":"c7dc37ab8e31801e"}