TL;DR: Roblox has surpassed Steam with a record 47.4 million concurrent users, driven by popular user-created games like Grow a Garden and Steal a Brainrot. Despite concerns over safety and privacy ...

Roblox reported stellar third-quarter results, beating net bookings guidance by 10% and making headway in all geographic regions. The network effect that underpins our narrow moat rating was on ...