THERE: THERE, an early “Social” virtual world launched in 2003, is shutting down, effective March 9th, 2010. (source: raph’s web site)
You can read a farewell letter at the official site from There.com CEO, Michael Wilson which lays out some reasons for the cancellation. Yep, shock shock, it’s money woes. Good luck to the devs and loyal players in their new endeavors.
“But, at the end of the day, we can’t cure the recession, and at some point we have to stop writing checks to keep the world open. There’s nothing more we would like to avoid this, but There is a business, and a business that can’t support itself doesn’t work. Before the recession hit, we were incredibly confident and all indicators were ‘directionally correct’ and we had every reason to believe growth would continue. But, as many of you know personally, the downturn has been prolonged and severe, and ultimately pervasive.”












