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Last active: September 7, 2022
Description: Nov 19, 2009 (Reuters) - Roblox is a gaming platform for children. platform, is expected to announce a U.S. stock exchange listing by the end of the year. Here are some details about the company: What is it? Roblox is one of the world's most viewed games for children, with an estimated 163 million active users as of August, according to industry blog RTrack. Roblox is used by three-quarters (or more) of American children between 9-12 years. This was confirmed by an advisor to the company on November. 5. The platform, which is mostly composed of user-generated content, provides software downloads to create games and play them online. It does not require an age minimum to sign up for its services, which is different from many other social media and gaming platforms. Roblox is targeted at children of all ages and, like Minecraft, Fortnite and Apex Legends has seen a significant increase in usage from children stuck at home during the coronavirus pandemic. Roblox claims that users have spent more than 37 billion hours on the platform to date since 2008. In July, the company stated that its 345,000 strong developer community is on track for earning $250 million in 2020. This is an increase of $110 million for 2019. "Adopt Me!," the most popular game on the platform, saw 10 billion visits in the first quarter of 2020. Piggy, another popular game, received more than 5 billion visits. What is the process? 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 purchase clothes and other items that can enhance the user experience. To play with the Lego-like characters on smartphones or computers users must download Roblox. This app allows players to join chats or groups to play with other people. To create games with Roblox Studio, game developers must download the Roblox Studio extension. Creators can make money by charging users to use their games and offering in-game purchases. What are the SAFEGUARDS? Roblox as well as other websites, offers account controls that allow parents to restrict the way their children interact with each one another. Parents can also limit their child's access to certain games that are curated. IPO PLANS Sources tell Reuters that Roblox is looking into a traditional IPO or direct stock market listing for its listing. In the course of this year's fiscal year, Roblox raised $150 million from venture capitalists, including Andreessen Horowitz. The valuation of the company at $4 billion. HOW IS IT CONTROLLED Roblox, like most websites, is not subject to U.S. regulation. The company's fraud on users and the mishandling of data regarding users under 13 are two exceptions. minecraft
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