The metaverse is a buzz this afternoon as the news broke across Reuters that Linden Lab CEO Philip Rosedale is stepping down. Rosedale assume the role of Chairman of the Board, replacing Mitch Kapor. Kapor will still remain on the Linden Lab board.
The news has been reverberating across numerous Second Life related blogs and forums and twitter to name a few. Some regard the change with welcome arms citing many issues with Linden Lab’s management style in the face of a downturn of press and numerous issues with the grid. Others fear that this may be a red flag signally financial duress for Second Life makers Linden Lab. Some are speculating that perhaps, Linden Lab will soon be bought out by another company.