I’m a RBLX bull. However, I will always respect conversation and discourse, even on the opposing side. I think the valuation has gotten pretty ungrounded, but market can stay irrational longer than you can stay solvent. As unfortunate as it is, I don’t think anyone cares about the pedophile cases. Markets will keep on investing and the company will keep on “doing everything that they can.” Putting this in quotes as I don’t know what’s going on. We have seen companies like Meta get away with things like this too. In terms of your other points around profitability, it is important to look at Roblox adjusted earnings because they under report revenue. Their bookings reflects actual cash going in. It’s weird how revenue works with them because they do a useful life assumption of Robux purchases of 34 months, and only 12 months is reflected in the current year (if that). Operating cash flow looks quite healthy I respect your idea, but I think this is a very risky play. They continue to break CCU records, the immersive economy is healthy, and they are making headway with ads.

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