Download the new Switched app for your iPhone

Skip to Content

Free Switched iPhone app - try it now!
AOL Tech

Filed under: Business, Internet, News

Second Life is burning; Economic crisis looms online


The popularity of Second Life, once thought by many to be a booming new center of commerce, is fading and new regulations, scandal and outright theft are taking their toll on the virtual world.

The recent gambling ban caused a US$2 million dollar drop in spending within Second life the day it went into effect. To make matters worse, shady stock deals going on among the upstart in-world stock exchanges.

So, virtual resident beware. A lawless land isn't a panacea, and adding new laws and regulation is sure to upset the apple cart a bit.
jobs & resumes
iPhone / Android Developer

Bump Technologies, Inc. - Mountain View, CA (2 weeks ago)

See More Relevant Jobs ›

Featured Time Waster

Level Up! A platform-hopping RPG Time-Waster

I don't know if this is a labor of love or merely the brainchild of four very gifted games designers, but Level Up is a really weird mash-up of gaming elements that you have probably never seen in a Flash game before. Let's start with the premise itself: Groundhog Day meets Memento. The game experience revolves around 'days': you explore the world and the clock slowly ticks towards the evening. You bounce around picking up gems and talking to the denizens of 'Level Upland'. Eventually you feel tired and head back to ...

View more Time Wasters


Follow us on Twitter!

More Tech Coverage

Joystiq

TUAW

DailyFinance

Autoblog

Urlesque

Engadget

WoW

Switched.com

FanHouse