TL;DR: Roblox faced a $12 billion market cap loss after banning YouTuber Schlep, who exposes child predators on its platform. The ban sparked community outrage, a petition against CEO David Baszucki, ...

Roblox Corp. was digging itself out Monday from a three-day outage that shut out millions of users, as investors wiped away more than $1.5 billion of the videogame company’s market capitalization.

ClearBridge Investments, an investment management company, released its “ClearBridge Mid Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here.

To get a sense of who is truly in control of Roblox Corporation (NYSE:RBLX), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the ...