FiveStarAce
kiwifarms.net
- Joined
- Jan 11, 2023
WE CAN DO IT, REDDIT!Unironically it could be possible to get the ESG fags to jump on this before the trend fully collapses. "Were shorting this company because they provide pedophiles with easy and unmoderated access to children" should be a fund managers wet dream. Before seeing this I didn't know much about roblox except that its a kids game like minecraft that made some waves in the investing world because it was part of the direct listing/SPAC boom during Covid.
So I decided to look up which publicly traded funds were the top share holders. Out of the top ten essentially all are passively managed index funds (VO, VTI) which invest in all publicly traded mid caps or every publicly traded company in general. The two exceptions are ARKK and ARKW, funds managed by Cathie Wood. Cathie Wood was already known but got extremely famous during Covid because ARKK was one of the top performing funds that benefited from huge investments in companies like Tesla. It's the type of fund thats popular with a lot of the "CLEAN ENERGY MAKES ME COOM, MY 401K IS SAVING THE WORLD" California liberals.
The price of ARKK has now crashed but it is still the 7th largest actively managed fund in the world. It is also the third largest shareholder in Roblox with an investment of $337 million out of Roblox's $25 Billion market cap. As an actively managed fund they are legally obligated to take the concerns of their shareholders seriously and can be contacted here. You are not required to prove you are a investor in ARKK just provide an email address. A major shareholder like ARKK is the only way Roblox will actually give a shit about anything like this, untill it affects their share price they will not care.
Interestingly there is one active fund shorting Roblox (BTAL), but they only have about a 1.2 million dollar position