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Stock impact report

Roblox Corporation (RBLX) Willing to Make Changes After Ban in Russia [Yahoo! Finance]

Roblox Corporation Class A (RBLX) 
Company Research Source: Yahoo! Finance
The ban is imposed over child safety concerns, which have resulted in annoyance from Russian users and also led to a rare protest. However, recently, on December 17, Reuters reported that Roblox Corporation (NYSE:RBLX) has shown willingness to make the required changes for Russian users as it wants the ban to be lifted. As per the report, the Russian watchdog reported that representatives from the company had reached out to them expressing readiness to make the changes. Moreover, Roskomnadzor noted that if the company is willing to comply with the Russian law, then the organization will work with Roblox Corporation (NYSE:RBLX) as it does with any other organization to ensure child safety. Reuters reported that a spokesperson of the company noted that the company is willing “to temporarily limit communication features in Russia and to revise our content moderation processes to address the legal requirements necessary to restore our community's access to the platform.” That said, Show less Read more
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