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posted in Technology

sanitation@sanitation@lemmy.today
⁨7⁩d

Roblox Tanked $9 Billion In A Single Day After The Company Admitted It Was Directing Fewer Kids Toward Viral Games That ‘Emphasize Short-Term Monetization’

kotaku.com/roblox-tanked-9-billion-in-a-single-day-after-the-company-admitted-it-was-directing-fewer-kids-toward-viral-games-that-emphasize-short-term-monetization-2000722002
KotakuWall Street Punishes Roblox For Directing Kids To Better GamesWall Street seems unhappy about improvements to the Roblox recommendation algorithm
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nucleative@nucleative@lemmy.world
⁨7⁩d

Replying to @⁨sanitation@lemmy.today⁩

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…?

⁨Aug⁩ ⁨8⁩, ⁨2026⁩, ⁨13:39⁩en
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Zedstrian@Zedstrian@sopuli.xyz
edited⁨7⁩d

Replying to @⁨nucleative@lemmy.world⁩

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.

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vortic@Vorticity@lemmy.world
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Replying to @⁨Zedstrian@sopuli.xyz⁩

“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.

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Squizzy@Squizzy@lemmy.world
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Replying to @⁨nucleative@lemmy.world⁩

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.

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