EBay’s $4 Billion Lesson in the Value of Hype

Saul Hansell:

Here’s a suggestion to every Internet executive: take a Post-It note, write “EBay wasted $3 billion on Skype” and stick it to your monitor. Stare at it the next time some hot social whatever-2.0 company comes by and talks about growing fast and finding a revenue model later.

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