414: Thingamajig
Internet Advertising Scarcity and Facebook Market Value
The collapse of Facebook's stock price is cited as proof that internet advertising is a flawed business model due to the lack of inventory scarcity. Unlike television, which has finite ad slots, the internet offers unlimited inventory, which naturally drives prices down. Most "free" internet services, including Flickr and Instagram, struggle to monetize their users because display ads lack the effectiveness of traditional media.

