Edmund Tadros reports:
The average price of cyber land has dropped from 12.06 Linden dollars (seven cents) a square metre at its peak in January 2007 to 1.98 Linden dollars (1 cent) last month.
I fear to think what’s happened to Second Life’s lenders, given that they were already imploding as far back as January. Poor things. But hey, they could always ask for TARP funds: Paulson seems incapable of saying no, these days.