Delayed IPO resparks question: is Roblox shutting down? Announcement from NASDAQ and analysis of financial markets shows answer. If you have reached this page because you can’t log on to Roblox and therefore fear the rumours are true, please skip to our troubleshooting section at the bottom of the article. Then come back to the top and read why you should not pay attention to the rumour.
The rumour mill seems to be in overdrive recently among the gaming communities, sparked sometimes by mergers and acquisitions between the companies, and sometimes by … who knows?
Is Roblox shutting down? Here’s your answer…
Last year saw plenty of claims that Micecraft was closing down, then Toon Blast and Toy Blast — that latter rumour started as a result of the Blast games creator Peak Games being on the market. However, it was not a fire sale; Zynga eventually paid $1.8 billion for Peak, with never any thought of shutting its popular games down.
Likewise, Roblox has been the target of rumours in 2020 and now into 2021, with the latest chatter being sparked by the delay of Roblox Corporation’s IPO (initial public offering) on the stock exchange.
There are reasons for the delay, which we will outline further down. But let’s put this rumour to rest right now: Roblox Corporation — and all your Roblox games — are not, we repeat NOT, shutting down. And it’s commonsense, when you think about it. With over 100 million enthusiast users, revenue so far of over $1 billion, and at least $70 million having been paid to creators, Roblox is a strong and healthy prospect. No company in their right mind would shut that down.
The first wave of rumours that Roblox would be shutting down has been traced back to a hoax website called React2424 that publishes pretty much only fake articles that are then passed off as news.
This latest wave has come from the delay of the IPO we mentioned above. But please be assured, IPOs are very complex launches, with lots of moving parts, and it’s not at all uncommon for them to be delayed while the bean counters in the back rooms hammer out the right approach and the right timing to launch on the stock exchange.
And it was timing that seems to be the key factor for the Roblox delay, as they look for the best time to maximise the value of the stock.
They had originally filed plans to go public on November 19, but then updated their IPO prospectus on December 1 with a new plan to launch on the stock exchange by the end of 2020.
But in mid-December, they announced they would postpone the IPO until into 2021. The postponement started the rumour mills grinding away again, but the reason for the delay was not anything to do with shutting down… it was what had happened with the Airbnb and DoorDash IPO results.
Airbnb shares more than doubled in price on their first day of trading in December, and DoorDash did nearly as well, rising 86%. So Roblox decided to rethink it’s launch timing to capitalise on an even greater value than the $8 billion analysts had predicted for its orginal planned launch.
Roblox will launch on the stock exchange later this year, and is likely to do it with a higher stock price and bigger value, if the accountants get it right.
Circulating a memo to its employees, Roblox CEO David Baszucki explained that “based on everything we have learned to date … we’ve decided to take this opportunity to work with our advisors to see how we can make such improvements.”
Specifically, “improve” the amount of money it makes from its IPO. Hopefully, we’ve explained why it is not true that Roblox is shutting down. And your games and profile will continue on. Don’t pay attention to the rumours.
We hate hoaxes like this, which just stress people unnecessarily — and we’ve all got enough to stress about these days as it is, without this sort of fake news — so, as the official Roblox Twitter account says, “Let’s set things straight: Roblox isn’t ‘shutting down’. The same hoax (with a few details changed) goes around every year or two. Remember: don’t believe everything y’all read on the internet!”
Is Roblox shutting down on your computer?
If you have reached this page because you are having trouble logging in to Roblox and therefore are worried that Roblox is shutting down, by now you will be assured the platform is not going anywhere — it could just be you are experiencing a glitch with their server or at your end. Follow our troubleshooting guide and steps below to get back into the game.
- Switch to this page to find out if other users are having problems with the game as well.
- If there are no or few messages from other users, the problem may be with your end of the connection.
- Therefore, make sure that you are properly connected to the Internet. Open any page in your browser to test this.
- Your firewall or antivirus may also block the online game. Disable these two services on a trial basis. If there are no more problems, we will show you below how to add an exception for Roblox (or any app) in the firewall or add an exception in your Avira antivirus program (which has been known to block Roblox).
- In some cases, disconnecting the router from the power supply for about 10 seconds and then trying it again may help.
- Information on roblox’s current maintenance work can be found on the official Twitter channel.
How to add an exception in the Windows 10 firewall
The following instructions apply to Windows 10. However, they also work on older versions of Windows.
- Open the Control panel and select the “Windows Defender Firewall” under the “System and Security” category.
- Now click on the option “Allow an app or feature through the Windows Defender Firewall” on the left.
- Here you can find all applications that are monitored by the firewall. If you do not find the desired program in the list, you can add it via the “Allow other app” button.
- To the left of the program, place a tick, and on the right side the hooks for public and private networks.
- The “OK” button saves your settings and adds the exception.
- Note: If you cannot set any ticks, you must first click on the “Change Settings” button at the top.
Avira: Add exception for blocked application
- Open Avira and select the “Configuration” at the top of the “Extras” menu item.
- Now navigate to the “System Scanner” > “Search” > “Exceptions” item.
- Here you can select either the desired process at the top or the desired file at the bottom. To do this, click on the button with the three dots.
- If you have selected the process or file, click the “Add” button.
- You then repeat these steps for all files and processes that Avira blocks. To prevent the real-time scanner from stumbling over the files, you must also add the exceptions under Real-Time Scanner > Scan > Exceptions.
- Use the “OK” button to save your settings.