From today's $RBLX
"In my opinion, there’s another relevant consideration for Roblox: as a public company, it’s difficult for management to be completely unbothered by Mr. Market’s short-term scorecard. (The stock price is still down ~70% from the November 2021 highs.) To me, the Q4 FY22 results suggest management is cognizant of that fact (it also helps to have bookings growth reaccelerate, as they did in the back half of 2022). The company is taking action to ensure its financials / profitability do not become completely untethered from the underlying strength of the platform KPI’s for an extended period of time. One might quibble with that decision: in theory, management’s sole focus should be maximizing the long-term value of the business, no matter its impact on short-term results. I can appreciate that perspective. That said, I’m less of a purist than I once was: my personal view is that management deserves some credit for adjusting to the realities / worries expressed by Mr. Market. (And importantly, I do not think these changes will materially impact the company’s ability to deliver against its long-term opportunities.)"