Metaplace is closing, so is (it would seem) Forterra (laying off 60% of its staff is not a good sign).
As Karl Kapp says,
It is inevitable that the 3D Virtual World space will have acquisitions, mergers and failures. It is all part of the technology growth cycle, we’ve seen it before with e-learning companies and with LMS companies in the 1990′s. Now we are seeing it in the Virtual World space. Inevitable but not fun to watch.
But at least he’s optimistic about those remaining, including:
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* Based on the Australian folksong, “Click go the shears, boys, click, click, click”
