Roblox causes Wall Street value estimators to cry themselves a $9 billion puddle, as a result of pushing less kids towards aggressively monetised viral games
Wall Street moneyfolk are not having a good time. They're openly weeping into their expensive suit sleeves and not even a thousand pictures of lines going up can reassure them. They're sad about Roblox. The everythingverse of user-made games generally aimed at kids has let them down by changing its algorithm to push le...
Wall Street moneyfolk are not having a good time. They're openly weeping into their expensive suit sleeves and not even a thousand pictures of lines going up can reassure them. They're sad about Roblox. The everythingverse of user-made games generally aimed at kids has let them down by changing its algorithm to push less kids towards "games that emphasise short-term monetisation". Cue $9 billion being lopped off Roblox Corp's market cap valuation, because how could the game's makers allow such a travesty to happen?
Original reporting appears on the publisher’s site.
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