Silicon Valley Bank is the second-largest bank collapse in US history. Here are video game companies that had millions of dollars deposited in it.

Roblox is especially popular among young players. However, a new investigation digs into how these underage users are being swindled out of thousands of dollars by other children, some as young as 13.

Roblox has seen its shares increase by almost 20% after reporting a positive spike in September bookings. It was the biggest one-day jump the company has experienced in recent months.

Roblox had to take several steps to comply with China’s censorship, a new portion of leaked internal documents has revealed. The company also expected Tencent to clone the game and make its own version for the local audience.

One of the Roblox employees has been compromised, which led to an anonymous hacker posting the company’s internal documents. They contain private information and personal data. The gaming platform, however, refused to cooperate with the hacker.

Roblox has joined a number of game companies to introduce a hybrid working model. It will offer flexible options for all employees, both for those who want to return to the office and those who prefer to work remotely.

Roblox founder and CEO David Baszucki has been awarded a significant pay raise in the wake of the company’s success. He will receive compensation of almost $233 million.

Roblox had high hopes for its Chinese app as it was supposed to help the company expand into the local market. However, it has been suddenly removed from app stores. While not sharing specific reasons behind the decision, Roblox is now working on the new version.

Billionaire David Baszucki, known as the CEO of Roblox Corporation, has found a legal but really tricky way to avoid millions of dollars in capital gains taxes. According to the latest report, he has given plenty of his company’s shares to his family members

With 2021 almost over, Craig Chapple, Mobile Insights Strategist, EMEA at Sensor Tower, reflects on the achievements of the year and what lies ahead.

Roblox reported revenue of $509.3 million for the third quarter, exceeding investors’ expectations. The next day, its shares rose by 42.2%, which helped it dethrone Activision Blizzard as the most valued US game company.

Roblox has been unavailable for players for three days, which led to the decline of the average time spent in the app by 93% from October 29 to 31. A few rival apps and games, however, saw a rise in their usage rate thanks to this outage.

Leading luxury fashion brands are putting together internal teams dedicated to metaverse collaborations. Experts believe that the most forward-thinking companies will soon introduce a role of chief metaverse officer.

Only users aged 13 and older will be able to use Roblox’s upcoming voice chat. To check a person’s identity, the platform has introduced a special two-stage age verification system.

US skateboarding shoe and apparel company Vans partnered with Roblox to launch Vans World, an in-game interactive experience allowing players to skateboard while sporting Vans gear.

Roblox, which now has over 20 million games, might seem like a good platform for kids to start their journey as game developers. However, its business model hides many pitfalls. Quintin Smith from People Make Games has explained how he thinks Roblox is exploiting young devs.

Roblox faces new criticism over people recreating tragic mass shootings on the popular gaming platform. The company promises to fight users who violate rules and create inappropriate content.

This is the latest installment of Semenov&Pevzner’s overview of the gaming industry’s major lawsuits and disputes from all over the world.

Roblox allows its players to add virtual players into their games to listen to music. That, however, didn’t sit well with major music labels who accused the company of causing the loss of profit. They are now demanding at least $200 million in damages.