[BBBC 5: “Blogger’s choice! Write about anything that’s on your mind!”]
‘When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean–neither more nor less.’
‘The question is,’ said Alice, ‘whether you CAN make words mean so many different things.’
‘The question is,’ said Humpty Dumpty, ‘which is to be master– that’s all.’
Alice was too much puzzled to say anything, so after a minute Humpty Dumpty began again. ‘They’ve a temper, some of them– particularly verbs, they’re the proudest–adjectives you can do anything with, but not verbs–however, I can manage the whole lot of them! Impenetrability! That’s what I say!’
‘Would you tell me, please,’ said Alice ‘what that means?’
Though the company remains in a solid financial position, it has become clear that we need to make some hard decisions in order to bring current and future Residents the kind of product and experience we feel they deserve. After three years of intensive hiring, we’ve come to a place where it’s important that we reorganize our teams and find a renewed level of discipline…
Linden Lab remains a great business. We have a strong balance sheet, and our revenue will reach record levels this year. The inworld economy continues its solid growth…
[A Restructuring For Linden Lab, posted by M Linden, 9 June 2010 in the Second Life Blog]
“We’ve emerged from a two-year investment period during which, among other things, we’ve spent a considerable amount of time improving reliability and the overall user experience. Today’s announcement about our reorganization will help us make Second Life® even simpler, more enjoyable, relevant and engaging for consumers starting with their first experience.”
[Linden Lab press release, 9 June 2010, published at PR Newswire]
Second Life – and Linden Lab itself – is in very good shape. As a company, Linden Lab remains financially very stable. Our balance sheet is strong and we are well-capitalized. We will close this year with record revenue and hopefully record users, and – with your help – record user-to-user transactions and record landmass. In May, we recorded more than 1 million logged-in Residents, 37 million user hours, US$52.8 million in user-to-user transactions and 31,800 enabled regions. Second Life is sound.
But is Linden Lab profitable, [Mitch Wagner, a.k.a. “the Copper Robot”] asked? Kingdon responded, “As a private company, we don’t release financials.“
[Second Life CEO looks to the future, after massive layoffs, by Mitch Wagner in Computerworld, 11 June 2010]
“The fact is our underlying financial health is very strong. We’re on pace this year for record revenue, record user numbers and record user-to-user transactions – among other positive indicators.”
[Mark Kingdon’s response to Wagner James “Hamlet” Au in “Analysis: What Went Wrong With Linden Lab?” in New World Notes, 16 June 2010
This morning saw a decrease in the exchange rate of the Linden dollar versus the US dollar. However, Second Life’s key economic indicators remain stronger than the levels we saw in late 2009, though recent weeks have seen some reduction in economic activity compared to the record activity of the first quarter, as well as some uncertainty in the wake of recent corporate anouncements. [sic]
That change, combined with uncertainty related to the corporate restructuring announced last week by Linden Lab, contributed to an imbalance between supply and demand on the LindeX today. Linden Lab remains committed to the Linden dollar as a virtual currency, and to the Second Life economy as one that continues to provide value for Residents, merchants, and landholders large and small.
[An Update on the Linden Dollar, posted by M Linden, 16 June 2010 in the Second Life Blog]
‘Now you talk like a reasonable child,’ said Humpty Dumpty, looking very much pleased. ‘I meant by “impenetrability” that we’ve had enough of that subject, and it would be just as well if you’d mention what you mean to do next, as I suppose you don’t mean to stop here all the rest of your life.’
‘That’s a great deal to make one word mean,’ Alice said in a thoughtful tone.
‘When I make a word do a lot of work like that,’ said Humpty Dumpty, ‘I always pay it extra.’
[Lewis Carroll, Through the Looking Glass]