No interest in RBLX; DSA designation seen as adding regulatory burden, not a bullish catalyst.
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>> Um anyone trading roadblocks? This is straight up today. It's up 7.8% here. >> Oh jeez, what is the news here with this one now? >> Uh European Commission designates chat GPT is a very large online search engine.
Reddit, Roblox as very large online platforms under their digital securities act. That to me is is not really material at all. Stocks up though.
>> Maybe it was a headline mention that's causing it to go. >> Yeah, I'm not I'm not sure. I don't like this though.
And for some reason, Roblox is is going up on that designation. So, I don't know what that means for Roblox as it relates to the DSA, but to me, it sounds like I don't know that this sounds great.
It sounds like it's they're going to have more rules thrown at the company. Why?
>> Yeah, I I think the thought there is that maybe Roblox will be less of a cesspool for children if they have said rules. I don't know that I buy the read through on that, though.
Yeah, I I guess I could I could see it that way, too. It's just that have they um uh you know, solved all that and are they gonna is are they going to lead is it going to lead to an outcome like Meta's uh uh lawsuit?
So, I think maybe using Meta as a model and watching and following what Roblox is. I mean, if you if you have even have the interest for that, u that would probably be how I'd want to approach it. But I I I have no interest in Roblox.
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Benzinga has only this one call on this stock.