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Louisiana attorney general sues Roblox
TechCrunch· 2025-08-15 14:43
Core Viewpoint - The Louisiana Attorney General has filed a lawsuit against Roblox, accusing the platform of failing to implement necessary safety controls, thereby making it a dangerous environment for children and facilitating the distribution of child sexual abuse material [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that Roblox has not rolled out basic safety controls to protect children from predators and has failed to notify parents of the associated risks [1][3]. - The lawsuit highlights that 20% of Roblox's 82 million daily active users are under the age of 8, and another 20% are between the ages of 9 and 12 [2]. - Specific sexually explicit experiences on the platform are cited in the lawsuit, including titles like "Escape to Epstein Island" and "Public Bathroom Simulator Vibe" [4]. Group 2: Company Response - A spokesperson for Roblox stated that the company dedicates substantial resources to detect and prevent inappropriate content and behavior, including 24/7 human moderation [4][7]. - Roblox has implemented safety measures, such as barring users under 13 from sending direct messages, in response to previous reports of risks to young users [7]. - Despite these measures, the lawsuit claims that Roblox's recent safety protocols are inadequate and were implemented too late [8]. Group 3: Legal Actions Sought - The lawsuit seeks permanent injunctive relief to prevent Roblox from claiming it has adequate safety features and from engaging in activities that violate the Louisiana Unfair Trade Practices Act [9].
July PPI/Core PPI Jumped Unexpectedly
ZACKS· 2025-08-14 15:51
Economic Data Impact - Major economic data released this morning has significantly affected trading futures, with the Dow dropping from +3 points to -180 points, the S&P 500 from -1 to -30 points, and the Nasdaq from +7 to -140 points [1] - The small-cap Russell 2000 has also declined, giving up most of its previous gains, down -36 points [1] Producer Price Index (PPI) - Headline PPI increased by 90 basis points from 0.0% last month to +0.9% for July, indicating a rise in wholesale inflation [2] - Core PPI, excluding food and energy, also rose by 90 basis points month over month, reaching +0.6%, which is significantly above expectations and the highest levels since 2022 [2] - Year-over-year, July's headline PPI is at +3.3%, up from an upwardly revised +2.4% for June, marking the highest since February [3] - Core PPI year-over-year increased by +1.1% to +3.7%, the highest level since March, while ex-food, energy, and trade rose by 30 basis points to +2.8% [3] Jobless Claims - Weekly Jobless Claims reported a decrease of -3K to 224K, remaining below 230K for six consecutive weeks [5] - Continuing Claims are at 1.953 million, down -15K from the previous week, maintaining above 1.9 million for 12 straight weeks [6] - Longer-term claims have remained just below 2 million since mid-April, with a notable increase of +120K from mid-April to late May [7] Earnings Reports - Deere & Co. reported fiscal Q3 results with earnings of $4.75 per share, beating consensus by +7.8%, and revenues of $10.36 billion, exceeding expectations by +1% [8] - Despite outperforming, Deere's full-year guidance was softer than anticipated, leading to a -6% decline in shares [8] - Chinese firms also reported earnings, with JD.com achieving a +38% positive surprise at 69 cents per share, Weibo surpassing estimates by +100% to 54 cents, and NetEase exceeding expectations by 3 cents to $2.07 [9] - JD, Weibo, and VIPS saw gains in pre-market trading, while NTES experienced a -6% decline [9]
Inspired Launches V-Play Football Brazil with EstrelaBet via the Altenar Sportsbook
Globenewswire· 2025-08-12 20:20
Core Insights - Inspired Entertainment, Inc. has launched V-Play Football Brazil in partnership with EstrelaBet, enhancing its presence in the Brazilian gaming market [1][2][3] - The product is designed to resonate with Brazilian football culture, offering high-frequency, ultra-realistic match simulations for a dynamic betting experience [2][4] - The integration is facilitated by Altenar, a sportsbook platform provider, showcasing a collaboration that combines technology and local market insights [3][5] Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [5] - The company supplies gaming systems for around 50,000 gaming machines and offers virtual sports products through over 32,000 retail venues [5] - Inspired's portfolio includes digital games for more than 170 websites and various amusement entertainment solutions [5] EstrelaBet Overview - EstrelaBet is recognized as a leading Brazilian gamingtech company, operating under a definitive license in the national iGaming market [7][8] - The company has received multiple awards, including "Best Sports Betting Operator in Brazil" and "Best Responsible Gambling Initiative" [7][10] - EstrelaBet emphasizes innovation, responsible gaming, and community engagement, partnering with FUMEC University to develop initiatives for problem gambling prevention [8][9]
美股异动 | Q2营收远超预期 Sea(SE.US)大涨近18%
智通财经网· 2025-08-12 14:03
Core Viewpoint - Sea's stock surged nearly 18% to a three-year high of $171.12 following the release of its second-quarter earnings, which exceeded analyst expectations due to increased online purchasing trends among Southeast Asian consumers [1] Financial Performance - Sea's revenue for the three months ending in June reached a record $5.26 billion, representing a year-over-year growth of 38%, significantly surpassing the average analyst estimate of $5 billion [1] - The company's net profit rose from $79.9 million in the same period last year to $414.2 million, although it fell slightly short of the analyst forecast of $444 million [1] Business Segments - Historically, Sea relied on the cash flow from its gaming business, Garena, to support the growth of its e-commerce platform Shopee and digital financial services through Monee. However, both Shopee and Monee have now achieved healthier financial positions, allowing Sea to increase investments in Garena [1] - Garena has shown strong recovery over the past year and a half, contributing positively to Sea's overall financial health [1]
SharpLink's ETH Holdings Expected to Exceed $3 Billion Following $400 Million Registered Direct Offering with Institutional Investors
GlobeNewswire News Room· 2025-08-11 12:00
This offering is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333- 287708), which was declared effective by the Securities and Exchange Commission (the "SEC") on May 30, 2025. The offering is made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http: ...
SharpLink’s ETH Holdings Expected to Exceed $3 Billion Following $400 Million Registered Direct Offering with Institutional Investors
Globenewswire· 2025-08-11 12:00
MINNEAPOLIS, MN, Aug. 11, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) ("SharpLink" or the "Company") today announced that it has entered into securities purchase agreements for an aggregate of $400 million with five global institutional investors, some of which are among the largest in the world. Combined with current Ether ("ETH") holdings of approximately 598,800 ETH as of Sunday, August 10, 2025, and approximately $200 million in ATM proceeds yet to be deployed, the Company's ETH holdi ...
Thinking of Buying Roblox Stock? Here Are 2 Red Flags to Watch.
The Motley Fool· 2025-08-11 01:05
Roblox is a stock for optimists with a long time horizon -- not for the faint of heart. Roblox (RBLX -0.68%) has become a cultural phenomenon, boasting more than 100 million daily active users (DAUs) and a growing ecosystem of creators building immersive games and experiences. The company is often touted as a pioneer of the metaverse -- a new frontier for social interaction, entertainment, and digital commerce. Bulls believe operating leverage will eventually kick in as new monetization streams, like immers ...
Gravity(GRVY) - 2025 Q2 - Earnings Call Presentation
2025-08-08 16:30
Financial Performance - Gravity reported revenue of KRW 171 billion in 2025 2Q, a 242% QoQ increase and a 389% YoY increase[21] - Operating profit for 2025 2Q was KRW 20 billion, a 205% QoQ decrease but a 312% YoY increase[21] - Mobile games contributed KRW 144003 million to the total revenue in 2025 2Q[27] - PC games generated KRW 21971 million in revenue in 2025 2Q[27] - The largest regional revenue contribution came from Southeast Asia & others, accounting for 434% of the total in 2025 2Q[23] Game Launch and Pipeline - Gravity plans to launch "Ragnarok 3" globally in 2026[121] - "Ragnarok M Classic" is scheduled for additional launch in North and South America, Europe, Middle East, and Africa on September 3, 2025[49, 55, 121] - "PROJECT ABYSS" is scheduled for initial launch in Southeast Asia in 4Q 2025[62, 121] - "Ragnarok The Promised Adventure" is planned for launch in China on October 1, 2025[74, 121] Business Strategy - Gravity aims to maximize sustained growth and brand value through an IP-driven, multi-title strategy[32, 35, 40] - The company is expanding its global influence through various games based on the Ragnarok IP, leveraging subsidiaries in Thailand, Taiwan, Indonesia, Singapore, Hong Kong, America, and Malaysia[131]
High Roller to Present at the Sidoti Micro-Cap Virtual Conference
Globenewswire· 2025-08-08 13:30
Group 1 - High Roller Technologies will present at the Sidoti Micro-Cap Virtual Conference on August 21, 2025, at 11:30 AM ET [1] - The presentation will include a company overview, recent highlights, and upcoming catalysts, with management available for one-on-one meetings with registered investors [1] - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE under the ticker ROLR [3] Group 2 - High Roller Technologies is recognized as a leading global online gaming operator, offering a user-friendly real-money online casino platform [3] - The company features a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, catering to a global customer base [3] - The iGaming industry is rapidly expanding into a multi-billion dollar market, and High Roller Technologies is positioned to capitalize on this growth through innovation and performance [3][4]
Flutter Entertainment Analysts Boost Their Forecasts After Upbeat Q2 Results
Benzinga· 2025-08-08 13:21
Financial Performance - Flutter Entertainment reported second-quarter revenue of $4.19 billion, representing a 16% year-over-year increase, surpassing the Street consensus estimate of $4.06 billion [1] - The company achieved adjusted earnings per share of $2.95, exceeding the Street consensus estimate of $2.05 [1] Strategic Initiatives - CEO Peter Jackson highlighted the strong underlying performance and progress on key strategic initiatives, emphasizing organic growth and value-creating M&A as drivers for revenue growth [2] - Flutter is raising its full-year revenue guidance to $17.26 billion, up 23% year-over-year, from a previous estimate of $17.08 billion [2] - The adjusted EBITDA guidance has also been increased to $3.295 billion, up from the prior guidance of $3.18 billion [2] Analyst Ratings and Price Targets - Following the earnings announcement, Needham analyst Bernie McTernan maintained a Buy rating and raised the price target from $340 to $355 [5] - Barclays analyst Brandt Montour also maintained an Overweight rating and increased the price target from $350 to $352 [5]