Roblox’s Stock Falls 70%

Roblox has fallen apart.You've got its stock tanking.In the last year, it has fallen over 70%.Just in the last month alone, it's fallen 36%.And in the past week, after its last earnings call, it lost $9 billion in market cap.

And while in that call, you hear them saying that they saw this plunge coming, maybe not to this extent, where you basically had them arguing, hey, this was actually sort of by design, with them pointing to the fact that it's now shifted from pushing heavily monetized games on the platform to instead games that earn less money per hour of play, with the idea being to keep kids playing longer.And you have Roblox claiming that this is actually part of a long -term strategy to restore investor faith.Because after you had reports coming out about adults using the platform to groom kids en masse, Roblox got hit by everyone, from content creators to multiple state governments that sued them.Hell, Chris Henson even recently hosted an entire panel at Crime Con spelling out its safety risk to kids, which is then also why you have many saying, Roblox saying this is part of the plan, that's BS.Saying this is really about more parents being scared of allowing their kids on the platform and the fact that the game hasn't had other big massive hits lately.But for now, following to stay in the loop.