A look at virtual currencies like Roblox’s Robux, which have become many kids’ preferred way to be paid for chores or receive as an allowance (Wall Street Journal)

Ashley Capoot / CNBC:
Roblox says it had 57.8M DAUs in September, down from 59.9M in August but up 23% YoY, with 4B hours engaged, up 16% YoY; Roblox stock is up 15%+  —  – Shares of Roblox jumped 18% on Monday after the company released its September 2022 metrics report.  — Daily active users were 57.8 million in September, up 23% year-over-year.

Bloomberg:
Roblox and Discord are accused of enabling adult men to sexually and financially exploit a California girl in a lawsuit filed by a social media watchdog group  —  Roblox Corp. and Discord Inc. were accused of enabling adult men to sexually and financially exploit a California girl in a lawsuit filed by a social-media watchdog group.

Mia Sato / The Verge:
Roblox will add age guidelines to its games, announces a new in-game ads system for brands to advertise via interactive billboards, posters, and other surfaces  —  And it’s bringing digital billboards and age guidelines to do it  —  Roblox rode a wave of pandemic-era growth to a seven-fold value increase …

Melissa Repko / CNBC:
Walmart debuts metaverse experiences Walmart Land and Walmart’s Universe of Play in Roblox, which it calls a testing ground, to try to reach younger shoppers  —  – Walmart is entering the metaverse with two experiences, Walmart Land and Walmart’s Universe of Play, in gaming platform Roblox.

Cecilia D’Anastasio / Bloomberg:
CEO Dave Baszucki says Roblox sees 2M+ daily active users in Russia, while competitors like EA, Nintendo, and Ubisoft have slowed or ceased sales in the country  —  Roblox Corp.’s popularity in Russia is increasing even as almost every other publicly traded gaming company has retreated from the country after its invasion of Ukraine.

Ashley Capoot / CNBC:
Roblox reports Q3 revenue up 2% YoY to $517.7M, bookings up 10% YoY to $701.7M, and DAUs up 24% YoY to 58.8M; stock drops 15%+ on a larger-than-expected loss  —  – Shares of Roblox fell more than 17% in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for revenue.