Weblo, where you can be a virtual mayor, raises $3.3M
In April, we wrote about Montreal company Weblo, and we called it somewhat of a pyramid scheme.
It lets you buy virtual domain names, for example www.LosAngeles.com for a few bucks (even though the domain name is owned by someone else on the real web), pretend you own that city and then sell off properties there to the fool who comes along to bid on it. Your incentive is to recruit others to do so…. Continue Reading
Pyramids continued: Weblo, become a virtual governor
Yesterday, we wrote about the latest wave of Internet pyramid schemes.
We failed to mention Montreal’s Weblo, a company that sells you virtual domain names, so you can buy www.LosAngeles.com for a few bucks (even though the domain is owned by someone else on the real Web), pretend you own that city, and then begin selling off towers and other properties in that city to the greater fool who comes along to bid on it. It boasts… Continue Reading