"SNE Anouncment.December 4, 2008 by Sarah Nerd
Posted in SNE Anouncment.
It is with great sadness that I must announce that SNE no longer has the ability to maintain a successful business in Second Life. With the help of the WSE and investors, two years ago this upcoming May I invested in mainland, estates, and product lines. Over the last few years several factors have gotten in the way including mainland crashes, Linden Lab pricing changes, wse down time, and so on. I have worked hard and tried to keep SNE afloat but I can not overcome the latest factors including a slowed economy, all time low rentals, and the latest OS 67% price increase. All SNE assets will be liquidated and any lindens received will be divided among shareholders according to percentage owned. All trading will be ceased at this time, and I will get a more detailed statement out in the next few days. "It is a sad day for everyone when something like this happens.
Sarah has long been a spokesperson for Linden Lab and Secondlife, bringing in new business and having a business model that everyone looked to follow.
I would say her only mistake was trusting LukeConnell Vandeverre even, as everyone else saw, he was conning them Sarah continued to support him.
Linden Labs needs to look long and hard at their business practices when they lose such a huge supporter and I hope that if nothing else comes of this that they do realise they messed up BIG time!
More from Nicolo in the FINANCE section
A message to Sarah,
You have long supported sl-newspaper and were one of the first ever sponsors and now our longest supporter. If there is anyway we can help please feel free to get in touch.
JamesT and Dana
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