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Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.
Roblox is a stock for optimists with a long time horizon -- not for the faint of heart.
Roblox is a massive app, and it’s becoming an increasingly interesting platform to watch amid growing competition from social and metaverse platforms like Epic Games’ Fortnite and Meta’s ...