Virtual investment website UpDown closing in July

UpDown, a financial social media website operating in the U.S. that provides users with a virtual investment platform is closing its doors next month. The decision comes after a lot of deliberation about what the company believes is the future of the industry and what users are telling them.

“We are sorry to inform you that after many years of helping traders improve their investment strategies we will be closing updown.com,” the company said in an email to users. “We have decided that in order to be able to provide you with a better service, we want to focus all of our resources and efforts into building the best global platform for investors from all around the world: sharewise.com.”

Updown will be closing down on July 31. Its service will be transferred to Sharewise.

UpDown was a full-fledged trading simulation with a virtual portfolio function that allowed investors to test and improve their skills through collaboration, competition and aggregated wisdom.

“Global markets are now more intertwined than ever before, what happens on the other side of the world will have an influence on your investments and outcomes,” UpDown officials said in their email. “Therefore it is now more important than ever to be able to have access to the insights of investors in their own local markets. If you want to know what is going on in the Chinese markets, you should just be able to see what Chinese investors are talking about and which stocks or subjects they consider important at a specific moment.

“This is precisely our goal in building and expanding sharewise.com, a global platform where investors from the USA can connect with Chinese, Korean, German, French, British or Indonesian investors (and we are constantly working on making this list longer). We are certain that the change will have a positive impact on our users in the long run.”

DCNewsroom launches new virtual startup company through online game

Last month the DCNewsroom held the first ever board meeting for its new company that’s been launched to develop virtual utility water for players on the popular online game My Profit Land.

It’s a company that has no staff, no fixed premises and no expensive laboratory equipment, but this company marks the exciting start of a new way to make real money from selling virtual products to virtual companies on My Profit Land.

The new company, DCNewsroom Water, produces virtual water for players to buy in the game. It requires no raw materials and the production is automated. Water is needed by companies in order to work in the game.

“It doesn't require workers, it operates by itself and it starts producing as soon as you open it,” said jasmir7, a player on My Profit Land based in Portugal. “All companies require electricity and water, so it is really easy to sell both ,electricity and water, whichever one you choose.”

My Profit Land is a strategy game in which you have a chance to convert your virtual currency into real money. It is an online browser game, therefore you do not need any other programs installed in order to play. It is one of the few business games where you are rewarded for your daily activity. As a simulation game, it offers you the possibility to fight, work, open companies or start wars to earn cash. It is a very complex game, and the more you play it, the more options you will find for your own development.