Tag Results for virtual world (6)

  1. Second Life Becomes Second Swipe

    Linden Lab's virtual world Second Life has had to crack down on virtual banking, giving them until yesterday to shut down their operations, according to the LA Times. The reason for Linden's action is that after the infamous Ginko Financial ponzi-scheme scam that blew up last August, Linden Lab's cool response to those scammed once the scheme was discovered, and the continued appearance of "too good to be true" investment offers, confidence and trust in Second Life's economic underpinnings has started to erode. Linden Labs must have started …

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  2. Business Virtual Words

    The Conference Board, a leading business thought leadership organization, has released a report on the trend of companies using virtual worlds. As the Conference Board notes in its press release, Leading companies including Cisco, IBM, and Dell already have a substantial presence in Second Life. Retailers such as Circuit City and Sears also have a presence, and information services providers such as Reuters have built large installations that offer a menu of financial data, including videos of up-to-the-minute news clippings. The Conference Board report discusses eight questions executives should ask about whether they should create a presence in …

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