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, ...

Raymond James cut its investment rating on Roblox (NYSE:RBLX) to "outperform" from "strong buy" on Wednesday. The research firm said the success of Grow A Garden has helped drive the stock price up 74 ...