![]() ![]() The Roblox Corporation headquarters, based in San Mateo, California. After the first day of trading, the company's stock closed with a fully diluted valuation of $45.2 billion and a market capitalization of $38.2 billion. ![]() On March 10, 2021, Roblox Corporation started trading on the New York Stock Exchange under the ticker RBLX. ![]() That’s a big if, although the documents do say that the two companies remain committed to making Roblox a success in China.After filing with the SEC for an initial public offering in November 2020, Roblox Corporation decided to instead become public through a direct listing. In-game purchases were refunded when LuoBuLeSi shut down, and players may receive bonuses if it relaunches in the future. On top of all this, the documents show that Roblox Corporation expected Tencent to hack its game, which is quite accusatory regardless of the abundant restrictions. The company was also expected to collect and authenticate player names and restrict player time to only a few hours per day. This resulted in Roblox offering Chinese-specific servers, relegating players in the country to those hubs. These make sense on their own, but when coming from a Chinese government that doesn’t acknowledge an independent Taiwan and has committed atrocities against the Uyghur people, it’s easy to see how these rules would simply reinforce a corrupt government’s grip on information. “Must not tamper with historical facts, cultural events, and historical figures” and “must not incite national hatred, promote ethnic discrimination, or undermine national unity” are two standouts. On paper, these restrictions seem logical. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |