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Roblox shares drop by 20% as platform misses target active users
Roblox shares have dropped by 20 percent after the platform's reported daily active users fell short of analysts' estimates.
In its March 2023 key metric release, Roblox announced that daily active users, or DAUs, increased 26% year over year to 66.2 million, bookings grew 25%-29% on a constant currency basis, and bookings ...
Shares of Roblox (RBLX) fell in trading on Tuesday after Hindenburg research disclosed a short position in the stock. The short seller alleged that the online gaming platform has inflated its number ...
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