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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 RBLX released its November business update on Nov 15, after which its stock tanked 15.7%. The panic in investors was primarily due to concerns over its slow growth and declining daily ...