Well, At Least Second Life Won't Need A Gov't Bailout

from the too-small-to-care dept

Mon, Oct 20th 2008 2:39pm — Mike Masnick

Remember a couple years ago, when you could hardly go a day without hearing some press story hyping up how the virtual world Second Life was the biggest thing since the internet itself? Those days went away pretty quickly once people noticed that the numbers Second Life was claiming weren't really representative of how many people were there, and all the brands that bought into the hype and jumped on the Second Life bandwagon started realizing that it didn't do much for them, as most of the folks in Second Life were there for the virtual sex and gambling, which the company has cracked down on.

However, apparently, there are still some folks using Second Life, and the company wants to let you know that as the financial crisis spreads around the world, the fundamentals of the economy in Second Life remain strong. Over the past few weeks, I've seen press announcements from plenty of tech companies trying to spin the financial crisis as a reason to write about their company, but this one might be the most ridiculous. It's not as if people are going to start moving money into Lindens any time soon as an investment vehicle.

Filed Under: economy, financial crisis, second life
Companies: linden lab

6 Comments

If you liked this post, you may also be interested in...

Reader Comments

Subscribe: RSS

View by: Time | Thread

Jake, 20 Oct 2008 @ 4:55pm

Give it time; it's not as if Second Life's real estate market has much less of a relationship to the real world than the one that just went into freefall in most of the Western Hemisphere.
[ link to this | view in thread ]
William, 20 Oct 2008 @ 5:11pm

lol @ Second Life. I didn't know their servers were still running.
[ link to this | view in thread ]
www.custompcmax.com, 20 Oct 2008 @ 5:16pm

LOL
Second life is an interesting concept. But, it never panned out as anything worthwhile. It survives on the funds it generated by the massive hype that was built around it. Reality is hardly anyone uses it that is really in the market for things advertised there. And it is really painful to use. http://www.custompcmax.com
[ link to this | view in thread ]
Christopher Smith, 20 Oct 2008 @ 6:24pm

Why not Lindens?
You might do just as well as many of the Wall-Street investment managers...
[ link to this | view in thread ]
Hoeppner, 21 Oct 2008 @ 5:08am

Second life has some nice stuff... but it's really just a vacuum tube that has a man decade or two ahead of the competition.
[ link to this | view in thread ]
JustMe, 21 Oct 2008 @ 6:50am

LiveMusic
There is actually a great music scene in Second Life. A lot of small artists give live performances in Second Life as a way of reaching large audiences.
[ link to this | view in thread ]