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":"93575b915d67c7172f5dcd816693e753","s":"39d1c59190b474ac"}