Notes

Roblox's Nuts And Bolts

Nov 19 (Reuters) - Children's gaming platform Roblox is set to announce a U.S. stock market listing before the end of the year.



Here are some information about the company:



WHAT IS IT?



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



Three-fourths of all U.S. kids between 9 and 12 years old play Roblox an advisor to the company was quoted on Nov. 5.



The platform, which is mostly composed of user-generated content offers software downloads for creating games and playing them online.



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



Roblox is targeted at children of all ages and, just like Minecraft, Fortnite and Apex Legends it has seen a significant increase in use from children at home during the coronavirus pandemic.



Roblox claims that users have spent close to 37 billion hours on the platform to date since 2008.



The company revealed in July that its developer community of 345,000 is expected to earn $250 million by 2020 - up from $110 million in 2019.



"Adopt Me!," the most popular game on the platform, saw 10 billion visits during the first half of 2020. Piggy, another popular game, received more than 5 billion visits.



HOW DOES IT WORK



Roblox lets players use the platform for free, and they can earn money by purchasing premium plans or Robux. Robux is a currency that can be used to buy outfits and other items that can enhance the experience.



To play with the Lego-like characters on computer or mobile devices Users will need to download Roblox. Roblox allows users to join chats and groups to play with other people.



To develop games for Roblox Studio, game developers must download the Roblox Studio extension.



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



What are the SAFEGUARDS?



Roblox like other websites, offers accounts with controls that allow parents to limit the way their children interact with each other. Parents can also limit their child's access only to pre-approved, curated games.



IPO PLANS



For its stock market listing, Roblox is weighing a traditional IPO or an immediate listing sources have told Reuters.



Roblox received $150 million from venture capitalists including Andreessen Horowitz earlier this year. the one and only The company was valued at $4 billion.



What is the procedure for ensuring compliance?



Like many online platforms, Roblox is subject to little in the way of U.S. regulation. The only exceptions are fraud against users by the company as well as misuse of data about users who are younger than 13.


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