Projections

States Amplify Privacy Laws and Enforcement: A 2024 Recap and Projections for 2025

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State legislatures and regulators across the U.S. have significantly amplified their focus on data privacy and cybersecurity regulations this year, reflecting the growing public concern over data security. With no comprehensive federal privacy legislation in place, individual states are taking matters into their own hands. In 2024 alone, four new state privacy laws were enacted, bringing the total to 16 states with comprehensive privacy laws that will be operational by January 2025. In Texas, heightened enforcement measures have been implemented to protect consumer data. The state’s Attorney General has initiated several notable legal actions, including … Read more

Roblox Faces Class Action Lawsuit Over Alleged Inflated Financial Projections as Share Prices Tumble

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SAN MATEO, Calif. — A major lawsuit has been launched against the popular immersive entertainment platform company, Roblox Corporation. On June 10, 2024, investors who are alleging significant financial losses during a specific trading period initiated a class action lawsuit seeking compensatory damages. During the period between November 15, 2023, and May 8, 2024, shareholders claim they purchased Roblox stock at inflated prices based on the company’s optimistic financial projections which later proved overstated. Roblox, known for its platform that combines gaming, social media, and virtual learning environments, reported having 77.7 million daily active users … Read more