Napster sold to tech firm Infinite Reality for $207 million [Los Angeles Times (CA)]
Roblox Corporation Class A (RBLX)
Company Research
Source: Los Angeles Times
Napster, the former music pirating site and bane of major labels at the turn of the millennium, is today a minor player compared to Spotify, YouTube and Apple Music. Yet Infinite Reality said it hopes to rebuild Napster into “a social music platform that prioritizes active fan engagement over passive listening.” Infinite Reality, which formed in 2019 with backing from a number of music and sports celebrities including Steve Aoki and Imagine Dragons, bought the platform from the blockchain and cryptocurrency company Algorand and Hivemind Capital Partners. Many companies have tried in vain to rebuild Napster for modern music tech, including retail outlet Best Buy and streamer Rhapsody. Napster CEO Jon Vlassopulos, a former head of music at Robl
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RBLX
News
- Roblox Co. (NYSE: RBLX) is now covered by analysts at FBN Securities. They set a "sector perform" rating and a $65.00 price target on the stock.MarketBeat
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- 2 Internet Stocks with Solid Fundamentals and 1 to Brush Off [Yahoo! Finance]Yahoo! Finance
- Trump says he would consider reducing China tariffs if there's a deal on TikTok [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Airman charged with posing as teen on Roblox to coerce 9-year-old into sharing explicit images [Yahoo! Finance Canada]Yahoo! Finance Canada
RBLX
Earnings
- 2/6/25 - Beat
RBLX
Sec Filings
- 3/26/25 - Form 3
- 3/21/25 - Form 144
- 3/19/25 - Form 4
- RBLX's page on the SEC website