Roblox shares plummet 18% as child safety measures weigh on bookings

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Roblox shares plummet 18% as child safety measures weigh on bookings

Roblox shares plummeted 18% on Friday after the company reported first-quarter earnings as its new child safety measures weighed on bookings. …

Roblox shares plummeted 18% on Friday after the company reported first-quarter earnings as its new child safety measures weighed on bookings. "Part of what we're rolling out with age check, we believe, is the real, right long-term way to build this platform," CEO David Baszucki said Friday on CNBC's " Squawk Box ." In a letter to shareholders , the gaming company wrote that its new age-check feature "restricted on-platform communication for non-age checked users, diluted communication for …

Original source: CNBC Top News