TL;DR: Roblox faced a $12 billion market cap loss after banning YouTuber Schlep, who exposes child predators on its platform. The ban sparked community outrage, a petition against CEO David Baszucki, ...
Every investor in Roblox Corporation (NYSE:RBLX) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 71% ownership.
Games creation platform Roblox finally went public yesterday and ended the day with a $38.26 billion market cap. That's according to CNBC, which reports that the firm hit this market capitalisation ...