Roblox: Inflated Key Metrics For Wall Street And A Pedophile Hellscape For Kids – Hindenburg Research
hindenburgresearch.com

Edit 1: I am confused about the reason not a single popular YouTube channel is covering this.

  • some_guy@lemmy.sdf.org
    10·
    2 months ago

    Holy shit, I had to stop reading part way through the pedo section cause it just kept going and going. Roblox is fucked up.

    • MentalEdge@sopuli.xyz
      14·
      2 months ago

      Wait until you find out about the child labour stuff.

      There may not be sweatshops in the developed world, but you can bet your ass a lot of roblox “dev studios” are really just one or two adults, exploiting a bunch of kids for free labour via discord.

      Oh, and then there’s the fully integrated speculative market for assets and cosmetics, where ten-year-olds gain and lose thousands of real dollars in robux.

      The ecosystem around Roblox is a complete shitshow that no sane parent should allow a kid anywhere near.

  • Kissaki@beehaw.orgEnglish
    2·
    2 months ago

    The company has reported net losses every quarter since becoming a public company, with last twelve months (LTM) losses totaling $1.07 billion.

    it’s crazy that that’s feasible and not already an issue. And for such a super popular platform. If it’s not profitable now, when will it be?

    When did it go public?

    Roblox went public on the NYSE via a direct listing on March 10th, 2021, and has a current market capitalization of ~$27 billion.

    Interviews reveal Roblox effectively has two sets of books for counting users: one for internal business decisions, in which multiple accounts are ‘de-alted’, and one used by the finance team that reports higher metrics to investors.

    To better understand the company’s reported engagement, we hired a technical consultant that monitored the top ~7,200 Roblox games across ~2.1 million Roblox servers, collecting 297.7 million rows of real-time player data.

    They did extensive, founded analysis.