Social media faces modest hit from Florida's child-safety law: Wells Fargo [Seeking Alpha]
Roblox Corporation Class A (RBLX)
Company Research
Source: Seeking Alpha
Florida passed legislation Monday that prohibits some teenagers from holding social accounts. The state now blocks minors under 14 from having accounts at all, and allows 14- and 15-year-old users to have accounts with parents' consent. That should have a "modest impact on Snap ( NYSE: SNAP ) and TikTok ( BDNCE ) due to higher concentration of young users relative to peers," analyst Ken Gawrelski wrote. He estimates under-14 users from Florida make up about 3% of TikTok's ( BDNCE ) U.S. daily active users -- and while Snap doesn't offer services to users under 13, there are "risks to 13-15-year-old cohort in Florida" due to the new law, he says, estimating that group at 480,000 DAUs (about 0.5% of Snap's North American DAUs). As for another youth-focused online name, Roblox ( NYSE: RBLX ), it's unclear whether the new law applies, Gawrelski wrote. "We believe RBLX is unlikely to be subject to these new restrictions, but highlight potential risks due to the vague definition of
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News
- Roblox (RBLX) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- Shockingly, People Aren't Interested In Paying $3,500 For Apple's Wildly Overpriced Vision Pro VR Headset [Forbes]Forbes
- Roblox: User Growth Slows While Profitability Efforts Raise Ethical Concerns [Seeking Alpha]Seeking Alpha
- Roblox (RBLX) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Roblox Stock Has 33% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 4/26/24 - Form 4
- 4/24/24 - Form 144
- 4/18/24 - Form 4
- RBLX's page on the SEC website