Stock Track | Roblox Plunges 5.03% Intraday as New York Bill Targets Kids Online Safety on Platform

Stock Track11-22 00:56

Shares of Roblox Corporation (RBLX) plummeted 5.03% during intraday trading on Thursday, underperforming the broader markets. The sell-off came amid concerns over potential regulatory headwinds after a New York state senator introduced a new online safety bill specifically aimed at the popular kids' gaming platform.

The proposed New York Children's Online Safety Act (NYCOSA) would require platforms frequented by minors to make user profiles private by default, preventing strangers from viewing them or sending messages and digital currencies. It would also give parents more control over their children's accounts, mandate age verification systems, and ban deceptive practices to get kids to make purchases.

Roblox, with an estimated two-thirds of its over 50 million daily active users being children under 16, is seen as a prime target of the NYCOSA bill. If enacted, the legislation could force significant changes to Roblox's platform and business model around user interactions, parental controls, and monetization from its younger user base. This has raised investor concerns over potential compliance costs and impacts on the company's growth prospects, contributing to Thursday's stock selloff.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1185025053?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 00:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185025053","market":"hk","top_or_hot":-1,"title":"Stock Track | Roblox Plunges 5.03% Intraday as New York Bill Targets Kids Online Safety on Platform","media":"Stock Track","content":"<p>Shares of Roblox Corporation (RBLX) plummeted 5.03% during intraday trading on Thursday, underperforming the broader markets. The sell-off came amid concerns over potential regulatory headwinds after a New York state senator introduced a new online safety bill specifically aimed at the popular kids' gaming platform.</p>\n\n<p>The proposed New York Children's Online Safety Act (NYCOSA) would require platforms frequented by minors to make user profiles private by default, preventing strangers from viewing them or sending messages and digital currencies. It would also give parents more control over their children's accounts, mandate age verification systems, and ban deceptive practices to get kids to make purchases.</p>\n\n<p>Roblox, with an estimated two-thirds of its over 50 million daily active users being children under 16, is seen as a prime target of the NYCOSA bill. If enacted, the legislation could force significant changes to Roblox's platform and business model around user interactions, parental controls, and monetization from its younger user base. This has raised investor concerns over potential compliance costs and impacts on the company's growth prospects, contributing to Thursday's stock selloff.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Roblox Plunges 5.03% Intraday as New York Bill Targets Kids Online Safety on Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Roblox Plunges 5.03% Intraday as New York Bill Targets Kids Online Safety on Platform\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-22 00:56 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Roblox Corporation (RBLX) plummeted 5.03% during intraday trading on Thursday, underperforming the broader markets. The sell-off came amid concerns over potential regulatory headwinds after ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBLX","symbol_name":"Roblox Corporation","start_time":0,"source_url":"","article_id":"1185025053","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185025053","pubTimestamp":1732208196,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Roblox Corporation  plummeted 5.03% during intraday trading on Thursday, underperforming the broader markets. The sell-off came amid concerns over potential regulatory headwinds after a New York state senator introduced a new online safety bill specifically aimed at the popular kids' gaming platform.The proposed New York Children's Online Safety Act  would require platforms frequented by minors to make user profiles private by default, preventing strangers from viewing them or sending ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RBLX":"Roblox Corporation"},"translate_title":"纽约法案针对平台儿童在线安全，Roblox盘中暴跌5.03%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBLX":1},"content_text":"Shares of Roblox Corporation (RBLX) plummeted 5.03% during intraday trading on Thursday, underperforming the broader markets. The sell-off came amid concerns over potential regulatory headwinds after a New York state senator introduced a new online safety bill specifically aimed at the popular kids' gaming platform.\nThe proposed New York Children's Online Safety Act (NYCOSA) would require platforms frequented by minors to make user profiles private by default, preventing strangers from viewing them or sending messages and digital currencies. It would also give parents more control over their children's accounts, mandate age verification systems, and ban deceptive practices to get kids to make purchases.\nRoblox, with an estimated two-thirds of its over 50 million daily active users being children under 16, is seen as a prime target of the NYCOSA bill. If enacted, the legislation could force significant changes to Roblox's platform and business model around user interactions, parental controls, and monetization from its younger user base. This has raised investor concerns over potential compliance costs and impacts on the company's growth prospects, contributing to Thursday's stock selloff.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185025053"}