RBLX: Bearish on exploiting child game developers
$Roblox(RBLX.US$ Craig Donato Chief Business Officer, Michael Guthrie Chief Financial Officer, Manuel Bronstein Chief Product Officer all dumping stock in the past 3 months. No insider buying.
Despite exploiting children they're still unprofitable and not forecasted to be profitable for 3 years. If they make changes to the platform to protect kids (which could impact revenue), it may take even longer to turn a profit. That's if the kids don't get bored of the game and move onto something else as they get older.
I also saw Jim Cramer recommend this stock for those who want exposure to the "metaverse"
Roblox is bigger than; Nintendo's, Activision, EA, and Take Twos market cap.
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alexjst : Craig Donato sold half of his shares at 60, 70 something. Michael Guthrie sold almost all of shares at $32.52 in March. I doubt if such insider trading are of any value. They make pretty bad trades honestly. There were plenty of insider buyings, most of which were called excercing (on ISO units), for example, that of Barbara Messing, Roblox's Chief Marketing Officer.
Disney's been “exploiting" children too? Don’t children get bored of Mickey Mouse and Donald Duck when they get older too?