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by ljensen 5026 days ago
Lerner assumes that innovation is simply a function of money invested. It's not. Innovation is created independent of money.

Furthermore, by dismissing social media as a fraternity drinking app, he demonstrates a myopic view of how social media has transformed our society. Afterall, social media quantifiably shaped political debates in the Arab Spring (http://www.washington.edu/news/2011/09/12/new-study-quantifi...).