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Michael Olsonadded this to Business
Avatar - Quartz
Avatar - Quartz

Why Facebook will never make a significant profit

Quartz - By Christopher Mims

Also read our counter-argument: Facebook is a goldmine in the making It’s hard to explain Facebook’s current business model, but here’s a reasonable analogy: Facebook is a large, inefficient engine for transforming electricity and programmers into a down-market place to sell low-value advertising. …

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