Wednesday, January 21, 2009

Merger of Xstreet and LL....

It has been announced last evening that LL and Xstreet(and On rez) agreed on the merger.

My first impression is unsettling, sickening feeling yet no way to put a finger to it. No details has been disclosed as to what will happen, other than for the most part. In the FAQs, what I can tell that Xstreet will work as it is.

I have not been updated nor added much on Onrez since the days of Sl boutique, so I will not be affected directly on that part. However, I know that either political reason or usability of browser functions, many preferred to use Onrez, which understandably expressed the displeasure of the practical demise of Onrez.

Another is that virtual taxation. Now that Xstreet is LL, fear of implementation of *taxation on in world purchase transaction.* This has been a joke from the time I joined SL, but from what I can see, becoming very much real fear that LL will gradually move towards tax on every transaction made on SL.

Xstreet's commission had different meanings. They are the income source of Xstreet which were independent from SL activity.

Now that these two are merged, the merchant has to pay for two different classified, one quite useless , and the one on Xstreet will be taken over by flood frivorous classifieds as the one in world.

At this point, LL is just collecting reaction on public, no answers to any practical questions. So we just have to watch.

The business models on in world store and Xstreet has been somewhat separate. Now, I have to come up how to implement the new system efficiently. (I am just so stressed out about this. Just because no detail was made clear about the merger. )

1 comment:

Warspite said...

Dammit, are the time that rough? The financial crisis hits the virtual side.