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.
They did good and got fucked, am i reading this right?
Doing the right thing is often the more treacherous path.
Ive banned my kid from playing roblox
Those games are pure poison and brain dead incremental crap
There used to be some gems on there when it was much newer and I was younger. Nowadays? Pure godawful slop.
There’s still some decent games, but you gotta really sift through shit. I only know because of my kids. I don’t have an issue with them playing. I don’t let them friend anyone (they don’t know in real life), chat is dead, and when they play dumb games, they eventually come to the “this is dumb” conclusion, and I treat it like a learning experience.
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.
If anyone needed any more evidence why investor driven companies should stay out of gaming.
should stay out of gaming.
And education, health care, sports, food production, food consumption, technology, energy…Is anyone noticing a trend? This is the real Touch of Midas.
If anyone needed any more evidence why gamers should stay away from investor driven companies.
What should they be in control of then? That’s the default market hegemony.
We even have publicly traded utilities ffs. And of course medical care. Those would be the first places to start.
What should they be in control of then? That’s the default market hegemony
Nothing. The default market hegemony is fucked.
Founders?
A gaming studio will likely need investors unless its a small indie shop, but it can still be founder driven vs investor driven.
There’s a lot more than gaming I wish they would stay out of
Is this what they mean with “think of the children”? How can we monetize them?
It’s what the Epstein Class thinks about children.
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.
Capitalism is so fun.
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.
everyone knows roblox will have a successor eventually, so long term sustainability of roblox is not an investors concern
