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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.
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.
https://www.ft.com/content/914c0867-b05c-4559-b81b-d8358eb42f0a
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