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Comment on Foursquare: An Ads Business With a Dying Product Hookparent

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"Internet yellow pages is crazy boring, stupidly profitable"

How is it stupidly profitable? I used to work at YP.com and they make all their money on the dead tree book

perhaps he meant the industry in general (of listing merchants) rather than the Yellow Pages company specifically.

How does the industry in general make its money?

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