New York Times Report on Virtual Worlds Totally Misses the Point

Chainedpromo Ruth La Ferla of the New York Times published an extensive write-up yesterday all about how virtual fashion is surviving and thriving in the recession, clocking in at over 1,400 words.

It's a real shame that La Ferla failed to cover any real news in her story. At least she succeeded in inflating the estimated earnings of virtual worlds from the currently-accepted $1 billion mark to a totally unscientific, Bear-Stearns-in-the-sky estimate of $2 billion.

Pixels and Policy explains why La Ferla's article does nothing to advance the cause of virtual worlds, and quite a bit to hold it back.

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