Hindenburg Research has published a report claiming that the $27b Roblox, a venue for making and playing online games, is making it too easy for young users — more than one-third of whom are under 13 — to encounter toxic content. Despite the grisly array of sexual and violent content Hindenburg set forth, investors shrugged.
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Why Big Tech makes such a poor babysitter
The unfortunate takeaway is that while capitalism can build many great things, it makes a terrible nanny. Not for the first time, shareholders have been asked if they are worried about tech companies moving fast and breaking things, and they have answered no.
