Capitalism is so fun.
Is this what they mean with “think of the children”? How can we monetize them?
It’s what the Epstein Class thinks about children.
deleted by creator
Investors are the poison of everything in every sector ever. It’s never anything else but profit over insert everything else
Some investment is necessary. However, the focus we have on investors in the US is indeed poison. Stock buybacks are definitely poison and do nothing but enrich billionaires.
We need money out of politics and to solve wealth inequality - not to make everyone equal, but to make the rich actually pay their fair share and make sure we have social safety nets and living wages.
So the company made their game marginally less shit which caused their revenue to dip very slightly and the stock markets reaction was “SELL!!!1!!!ONE!!! THEY’RE GOING UNDER!!!”. This is why we can’t have nice things.
CEO is legally required to maximize shareholder returns. Replacement CEO incoming.
I guess it would be better to make Roblox a non profit but then how they gonna get in front of so many kids…?
Maximizing shareholder value also includes maximizing the non-tangible value of the Roblox brand (something that could be harmed by short-term cash grabs), but unfortunately many investors only think one quarter at a time.
“One quarter at a time” is being generous I think. They think microsecond to microsecond a lot of the time because that’s how you carve corners off of the market.
Not necessarily. Look at apple, they could sell everything they have, land, precious metals, stock, patents and have a bumber year beyond any market history and shareholders would get massive results. The CEO can make decisions that are not immediate.
They did good and got fucked, am i reading this right?
Doing the right thing is often the more treacherous path.
It seems insane that a freemium pedophile hunting ground that relies on convincing unattended kids that worthless online items are things they should go look for their parents credit cards and buy as it’s primary source of income was worth over $9 billion in the first place.
everyone knows roblox will have a successor eventually, so long term sustainability of roblox is not an investors concern
