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.
A company losing a fuck load of money because its users aren’t making interesting games with their product, sounds like a massively stupid product right out of the gate lmao.
It’s not that the company is losing money, it’s just what investors think their company is worth is now less
The company also reported that ‘bookings’, a key measure of player spending, grew by just 8% year over year after previously posting much stronger growth
This is the most relevant thing the article mentions; they’re still making money, more money than they did last year
Financial news is weird, it all just seems like random guesswork and made up numbers
A company losing a fuck load of money because its users aren’t making interesting games with their product, sounds like a massively stupid product right out of the gate lmao.
It’s not that the company is losing money, it’s just what investors think their company is worth is now less
This is the most relevant thing the article mentions; they’re still making money, more money than they did last year
Financial news is weird, it all just seems like random guesswork and made up numbers
That’s exactly what it is.
This is a really interesting topic because apparently all of the hit games produced on Roblox were just clones of hit games on steam in general.
The game is such an anomaly to me. Like the concept is neat, but everything else is shady and hokey.