Roblox Corporation ( NYSE: RBLX) delivered a 5.21% return in the past 3 months. RBLX was in 49 hedge fund portfolios at the end of the first half of 2021, compared to 46 funds in the previous quarter. According to this article, a Roblox spokesperson said the company reviews “every single image, audio file, and video before it is uploaded.” Accordingly, Roblox disclosed that it has 3600 people (albeit outsourced) working on trust and safety, compared to only 1200 full time employees." ( Click here to see the full text)īased on our calculations, Roblox Corporation ( NYSE: RBLX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. In Roblox' case, it seems to me that they have a very strong stand on their responsibility (to be the trustee of its users). Yet it is how the platform sees and treats the problem matters. One Wired article revealed the story about “How 'Roblox' Became a Playground for Virtual Fascists”.
Roblox, as any other large social platforms (which becomes the human society itself), will unavoidably have the dark side of the humanity. Roblox made a conscious decision to put security/trust before product stickiness and deferred the audio chat until recently (Roblox recently rolled out an alpha test moderated by AI-based technologies). Yet it is also a feature that is very hard to moderate in real time with old day technologies and can be abused heavily. For example, Roblox doesn’t have voice chat functionality, which is a key engagement feature and is almost a standard setup for almost all gaming platforms. Roblox didn’t just say it, but also did so. So serious that they actually report “Infrastructure and Trust & Safety“ as an accounting item in its operating expense breakdown, indicating that they see the trust & safety is an integral part of the infrastructure of the virtual world. Different than Facebook, Roblox took trust and security seriously very early on. The first thing caught my attention is management’s attitude towards security, privacy & trust. The company made many “drastic and rational” decisions which shows deep mindfulness - an important trait I look for.
Roblox management calls it “human co-experience” and many practitioners call it “metaverse”.
It started with gaming but has the potential to evolve to a new being for human society. " Roblox is a new position of “Mindful Compounder” category and is a new breed of business that is hard to define at this point.
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