How Much Is Escapism Worth?
July 1, 2011 § 2 Comments
$1 billion apparently. Zynga, the company behind games like Cityville, Farmville, Frontierville, etc, just filed for its IPO which will likely happen in the Fall. What’s also likely to happen is the increase in this valuation closer to the date it goes public.
It just blows my mind that a company specializing in what is effectively a product that feeds on boredom can be worth so much. And Zynga is not the only one – the combined value of IPOs in social media exceeds those in the green tech sector. In a nutshell, we’re placing more value on our boredom than on solutions that will actually help the environment.
There’s talk of a tech bubble currently underway in Silicon Valley. That much is obvious. But what’s more worrying is the online bubble that people are locking themselves into – living in ‘virtual worlds’ instead of the real one. I know reality is hard, but is a virtual existence so much better?
It’s hard not be misanthropic and disgusted with trends like this. While I don’t profess to lead a very exciting life (bed by 10, up at 6), the obsession with online games is a pretty sad state of affairs. Whatever happened to the value of activities like reading, baking, conversing, knitting, wood-working, gardening, etc? I realize this makes me sound as vibrant as an 80-year-old grandma, but there’s something to be said for the value of the ‘analog’ world, one in which we actually create new things and interact with real people, not some user handle on a screen.