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The industry isn't doomed, it's changed. We were enjoying great ratios because it was new, exciting, and there wasn't much else to do on the Internet. All of that has changed with Facebook, Youtube, and Myspace sucking in 60% of all Internet traffic. We also fucked ourselves by building crappy paysites with crappy content, putting the good stuff on the tour and filling up the member's areas with "crap" - the classic bait and switch.
Now the truth is the easy money is gone. Let's see who sticks around and stays.
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