Notes

Roblox's Nuts And Bolts

Nov 19, 2009 (Reuters) -- Roblox is a game for children that operates on a platform, is set to announce a U.S. stock exchange listing before the end the year.



Here are some details about the company.



What is it?



Roblox is a popular site for children , with an estimated 164,000,000 monthly active users, according to the industry blog RTrack.



Roblox is utilized by three-quarters (or more) of American children between 9-12 years old. This was the conclusion of an advisor to the company on November. 5.



The platform, which is mostly composed of user-generated content, provides software downloads that allow you to create games and play them online.



It doesn't require you be at least 18 to sign up, unlike other gaming and social media platforms.



Roblox aims at younger kids and, along with Minecraft, Fortnite and Apex Legends has seen a huge surge in use from children at home during the coronavirus pandemic.



Roblox claims that users have spent more than 37 billion hours on the platform since 2008.



In July, the company declared that its 345,000 strong developer community is on track to making $250 million by 2020. This is an increase of $110 million in 2019.
Minecraft servers


"Adopt Me!" one of the most played games on the platform, had 10 billion visits during the first half of 2020, while another game that is extremely popular, Piggy, hit almost 5 billion visits.



HOW DOES IT WORK?



Roblox provides users with free access to the platform, and earns money when players purchase premium plans or "Robux," a currency they spend on outfits and other extras that enhance the experience.



To play with the Lego-like characters on smartphones or computers users must download Roblox. This app allows users to join chats and groups to play with other players.



Game developers are required to download the Roblox Studio extension to create games for the platform.



Creators can earn money by charging players to play their games and also offering in-game purchases.



What are the safety precautions?



Roblox as well as other websites, offers account controls that allow parents to limit the way their children interact with each with each other. It also offer additional controls for parents, such as restricting the kid to playing pre-tested, curated games.



IPO PLANS



For its stock market listing, Roblox is weighing a traditional IPO or an immediate listing according to sources who spoke with Reuters.



Roblox has raised $150 million from venture capitalists, including Andreessen Horowitz, earlier in the year. The company was valued at $4 billion.



HOW IS IT REGULATED?



Roblox, like most online platforms is not subject to U.S. regulation. Roblox's fraud against its users and the misuse of data regarding users who are younger than 13 are two of the exceptions.


Website: https://www.teen-time.net/