"Loom.ai will accelerate making human co-experiences more immersive and personal, adding world-class facial animation technology as part of Roblox's efforts to provide expressive emotive actions to avatars that will enable deeper connections for our community," David Baszucki, CEO, Roblox said in a statement.
Roblox had looked to treat all the revenue the same and amortize it over the duration of its paying user accounts, which is around two years.San Francisco, Dec 15 (IANS): The US-based online game platform Roblox has acquired Loom.ai, a privately-held company specialized in real-time facial animation technology for 3D avatars for an undisclosed amount. Players use Robux in the game to buy a mix of durable goods which last for a period of time and consumable goods which are used immediately. The SEC has reservations over the way in which Roblox recognizes revenue from the sale of its currency, Robux, on its platform, according to the memo seen by Reuters.
Roblox’s valuation skyrocketed to $29.5 billion in a fundraising round earlier this month, more than seven times the $4 billion the company was valued at 11 months earlier, amid a surge in the popularity of video games during the COVID-19 pandemic. The company had said in a regulatory filing earlier this month that it was aiming to list shares on the New York Stock Exchange in February. The delay is a setback for one of the most eagerly-anticipated U.S.
FILE PHOTO: A girl adds a face mask to her character on the game 'Roblox' at her home in Manchester, as the spread of the coronavirus disease (COVID-19) continues, Manchester, Britain, April 5, 2020.
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