Roblox loses $70 billion in value as company blames lack of viral games

Comments

• TheFogan@programming.dev ⁨5⁩ ⁨days⁩ ago

  Stupid child developers… why aren’t they coming up with new good ideas!

  Also totally nothing to do with people getting terrified of letting their kids on there as, they do more to get in the way of police stings arresting child predators, and do nothing to combat them themselves.

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  • fluffykittycat@slrpnk.net ⁨5⁩ ⁨days⁩ ago

    We need to make roblox but good. Kids deserve better than being groomed by Republican state representitives when they’re just trying to play a game

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    • RiQuY@lemmy.zip ⁨5⁩ ⁨days⁩ ago

      People will hate me for saying this but “Roblox but good” already exists, it’s called Fortnite Creative.

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• orca@orcas.enjoying.yachts ⁨5⁩ ⁨days⁩ ago

  A company losing a fuck load of money because its users aren’t making interesting games with their product, sounds like a massively stupid product right out of the gate lmao.

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  • smeg@feddit.uk ⁨5⁩ ⁨days⁩ ago

    It’s not that the company is losing money, it’s just what investors think their company is worth is now less

    The company also reported that ‘bookings’, a key measure of player spending, grew by just 8% year over year after previously posting much stronger growth

    This is the most relevant thing the article mentions; they’re still making money, more money than they did last year

    Financial news is weird, it all just seems like random guesswork and made up numbers

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    • LurkingLuddite@piefed.social ⁨4⁩ ⁨days⁩ ago

      That’s exactly what it is.

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  • FiniteBanjo@feddit.online ⁨5⁩ ⁨days⁩ ago

    This is a really interesting topic because apparently all of the hit games produced on Roblox were just clones of hit games on steam in general.

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    • orca@orcas.enjoying.yachts ⁨4⁩ ⁨days⁩ ago

      The game is such an anomaly to me. Like the concept is neat, but everything else is shady and hokey.

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• AceFuzzLord@lemmy.zip ⁨5⁩ ⁨days⁩ ago

  You mean the company that profits off of ignoring groomers and pedos while also having a CEO that insists dating os a necessary edition has lost profit after being exposed for being evil? Parents are worried their kids may be being groomed so they refuse to let their kids on the platform and you are blaming the creators instead of yourselves?

  Nope, no surprise there.

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• germanatlas@lemmy.blahaj.zone ⁨5⁩ ⁨days⁩ ago

  Oh no won’t anybody think about the poor Roblox corporation, their child labor sweatshop isn’t sweating enough…

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• CaptMurica@beehaw.org ⁨5⁩ ⁨days⁩ ago

  Totally scummy company providing a platform for sex traffickers.

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• Assassassin@lemmy.dbzer0.com ⁨3⁩ ⁨days⁩ ago

  Call me crazy, but I don’t think a single piece of media should be valued at $70b in the first place. It’s a video game.

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  • brainwashed@feddit.org ⁨2⁩ ⁨days⁩ ago

    I thought it was like tinder for Predators?

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• DieserTypMatthias@lemmy.ml ⁨4⁩ ⁨days⁩ ago

  The pedo hub doesn’t have any good games? Who would’ve thought.

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• FiniteBanjo@feddit.online ⁨5⁩ ⁨days⁩ ago

  This implies one of two things:

  1. Roblox doesn’t have the same level of attraction to young children anymore.

  2. The share value was being heavily inflated by one or more entities and the time has come to dump.

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  • ThunderComplex@lemmy.today ⁨3⁩ ⁨days⁩ ago

    You are forgetting number 4 which is already impacting the industry: people preferring to watch TikTok instead of playing games

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