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Erick Schonfeld: >So yes, there is logic to the deal. But $7 billion to $8 billion for a company still hasn’t figured out how to turn 663 million users into a profit machine is a stretch. It’s the same problem that Facebook and Twitter face — massive user base with no idea how to profit…
Erick Schonfeld:
>So yes, there is logic to the deal. But $7 billion to $8 billion for a company still hasn’t figured out how to turn 663 million users into a profit machine is a stretch.
It’s the same problem that Facebook and Twitter face — massive user base with no idea how to profit from it. Five bucks a month for Skype anyone? I’m in.
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