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dot com code tech news. Welcome to Tech crunch daily news a roundup of the top

tech news of the day. Roblox opens its books.

Snap makes an acquisition,

and Pfizer and Biotech seek regulatory approval for their vaccine.

This is your daily crunch. The big story is Roblox is going public.

The child-friendly gaming company filed confidentially to go public in October,

but it only recently published its S1 document with financial information.

How do the numbers look?

Well, Roblox is certainly growing quickly.

Total revenue increased 56% in 2019 and then another 68% in the first three quarters of

2020 when it saw 588.7 million dollars in revenue. At the same time losses are growing as well,

nearly quadrupling to $2003.2 million during those same three quarters.

The company also acknowledged that its success

depends on its ability to provide a safe online environment for children,

...