Bloomberg Technology
Roblox Slumps on Alleged Inflated Metrics, States Sue TikTok
Oct 8, 2024
Kirsten Todd, former CISA Chief of Staff and current President of Wondros, dives into potential foreign hacking threats to US telecoms. Matt Gell, JP Morgan's head of tech investment banking in Europe, discusses the challenging landscape for European IPOs. They explore Roblox's inflated metrics and the lawsuits against TikTok over its safety claims for children, emphasizing the delicate balance between innovation and accountability in the tech sector.
41:22
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Quick takeaways
- Roblox faces stock volatility due to allegations of financial dishonesty regarding user engagement metrics and safety for children.
- Multiple US states sue TikTok, claiming its platform endangers children through addictive features that exacerbate a public health crisis.
Deep dives
Investing in AI Amid Private Holdings
Investors are exploring methods to gain exposure to the rapidly evolving field of artificial intelligence, which is currently dominated by private companies. The discussion highlights the importance of identifying and investing in the 'picks and shovels' of AI, which refers to the foundational elements necessary for AI development, such as hardware and software tools. This contrasts with investing in companies that are primarily application-based within the AI space. With AI adoption accelerating more swiftly than the internet in the 90s, the focus remains on recognizing the sustainable trends and asset classes that will shape the future of technology and investment.
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