Roblox rival Rec Room to shut down after losses Tech A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch. Rec Room said it will close on June 1, despite having attracted more than 150 million players and creators and reaching a valuation of $3.5bn (£2.65bn) at its peak. In [...]
Pressure shifts back to Big Tech as Ofcom delays social media ban Tech Tech firms have been warned to strengthen protections for young people online after MPs rejected a proposal to ban under-16s from social media this week. Communications regulator Ofcom and the Information Commissioner’s Office (ICO) have written to major platforms, asking for details of how they plan to improve safety measures for children. Companies like Facebook, [...]
Roblox: Hugely popular gaming platform surges in value Tech Gaming platform Roblox surged in value in the UK in 2024 as it extended its popularity among Gen Alpha. The business, which is the most popular in the UK among young gamers aged eight to 12, is part of the wider US group founded by CEO David Baszucki and Erik Cassel. Roblox has more monthly [...]