It's getting increasingly difficult during busy weeks like this one to resist the temptation to abandon original content altogether and just copy and paste stuff from my co-blogger Patrick's increasingly great new blog Social Services for Feral Children. Case in point — Patrick takes the story of the rise and fall of the CEO of a company that sold imaginary gold and items from online role-playing games, and unerringly plucks the most fascinating and appalling element from it: not the fact that a child star developed a company that sold imaginary gold that could be used only in games in which buying such imaginary gold was against the rules, but the fact that Goldman freaking Sachs invested a large amount of money in the business.
I'm thinking that Goldman didn't quite comprehend the gold-farming business, or for that matter online games. I'm at least hoping that they didn't understand that they were investing tens of millions in a product made by Company A (IGE) that could only be used on the premises of Company B (Blizzard), despite the fact that Company B forbade the use of the product on its premises and had the will to use its substantial war chest to fight against use of that product through both programming and litigation.
In their defense, they might have run out of the kindling necessary to simply set that much money on fire. Plus, smoke is bad. Global warming. You know.
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