TL;DR: Roblox faced a $12 billion market cap loss after banning YouTuber Schlep, who exposes child predators on its platform. The ban sparked community outrage, a petition against CEO David Baszucki, ...

Roblox closed its first day as a publicly traded company with a market cap of more than $38 billion. The company started trading at $64.50 a share, peaking at around $74, before closing its first day ...