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The video game platform stock fell 7% by 3 p.m. ET, compared to a 2.8% slump in the S&P 500. The decline added to significant short-term losses for Roblox stock, which is down over 60% so far in 2022.
Roblox stock has been hit hard, as have most technology stocks. But the company’s financials are holding up well. Here's a quick run through of the financials of this unique gaming mainstay.
Roblox has been around for a long time now, and it has evolved significantly over the years. With over 200 million active monthly players, the game has been reaching new highs every now and then.
Roblox is a platform for virtual worlds, gaming, and social interactions. The company is seeing stagnating user growth and customer spending in North America. Management has new monetization levers to ...
Roblox reported higher-than-expected earnings for the third quarter. Although the growth wasn’t as fast as it was in 2021, Roblox continues to increase its revenue. The company’s stock went up after ...
A viral notice claimed that Roblox would permanently shut down on September 1st, citing safety concerns and the platform’s high demand for closure. This comes at a time when Roblox is facing ...
Roblox servers unexpectedly went down a few hours ago, and players worldwide are distressed about it. Social media platforms are flooded with enquiries about the server outage and when they might be ...
Roblox stock is down 40% to start 2022. The company is approaching 50 million daily active users and is generating healthy free cash flow. The valuation is still expensive looking at trailing ...
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