Roblox loses $70 billion in value as company blames lack of viral games - Dexerto
www.dexerto.com
Roblox has admitted that a lack of breakout hit games contributed to a disappointing quarter, as the company has now lost around $70 billion in market value over the last year.
  • FiniteBanjo@feddit.onlineEnglish
    3·
    1 month ago

    This implies one of three things:

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

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

    3. The bad economy is finally hitting Mom’s Credit Card.

    • ThunderComplex@lemmy.today
      1·
      1 month ago

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