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In this video, I will be talking about Roblox's (NYSE: RBLX) Q4 earnings, why the stock crashed, and why you should see this as an opportunity. You can find the video below.
Roblox is a well-known online gaming platform with millions of users all around the world. Just like any other internet platform, it has caused its fair share of system crashes over the years.
Roblox was down all weekend for players across the world ... So why did the site go down? Image source, Roblox. Image caption, You should be able to play the game as normal from today.
Why Did Roblox Stock Drop? Besides the steep deceleration in bookings growth, RBLX stock dropped also due to declining usage. Hours engaged increased 28% year over year but declined sequentially.
Shares of online gaming platform Roblox Corporation (NYSE: RBLX) tumbled 21% through 10:35 a.m. ET Thursday despite beating on both sales and earnings this morning. Heading into the Q1 2024 report ...