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’
cross-posted from: https://lemmy.today/post/58008840
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4 replies
I don't think "the market" is good at directing companies to make good products. Maybe we shouldn't rely on it so much.
This was always in the cards.
They should have pumped and dumped it. The Roblox kids are growing out of it and the younger kids have different things.
The "Roblox kids" you're referring to are generally younger than Roblox itself, so I don't think they were allowing for the possibility that a younger generation would be less interested.
Yeah, the true money-maker is long-term monetization, right?