Renowned VC firm – Andreessen Horowitz (known as “a16z”) – announced launching a $600 million fund, GAMES FUND ON, dedicated to investing in the gaming industry. It has garnered support from industry ...
Tag: Roblox
Roblox CEO David Baszucki says bookings are turning around
Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings ...
Roblox, Electronic Arts, Coinbase, RealReal and more
An attendee tries out a Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images...
Roblox shares jumped 20% despite weak Q1 results: how come?
Roblox Corp (NYSE: RBLX) reported weaker-than-expected results for its fiscal first quarter on Tuesday. Interestingly, though, shares are still up nearly 20% this morning. Roblox Q1 financial h...
Roblox Reports Disappointing Q1 2022 Results, RBLX Stock Tanks 10%
The pandemic-driven demand for Roblox has cooled down which has resulted in some pressure on its revenue stream. Roblox says its will explore opportunities in the “metaverse” theme. On Tuesday, May 10...
Coinbase, Roblox, Electronic Arts and more
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
Spotify launches its own island in Roblox
Spotify, the music streaming service, has launched its new island in the Roblox metaverse: ‘a sound paradise’ that aims to offer new interactive and virtual experiences for fans and artists. Spotify ...
Roblox Price Target Cut at Morgan Stanley
By Sam Boughedda Investing.com — Roblox Corp (NYSE:RBLX) stock is down Wednesday after Morgan Stanley slashed its price target on the stock to $32 from $65, keeping an Equal Weight rating on the...
Roblox accused of deceptive marketing: Pro says avoid RBLX
Shares of Roblox Corp (NYSE: RBLX) are down nearly 15% after an ad watchdog accused the video game developer of deceptive marketing in a letter to the Federal Trade Commission (FTC). Carter Worth is b...
Roblox Analysts, Cathie Wood Defy Pessimism on Stock
(Bloomberg) — Analysts are standing pat with their bullish views on Roblox Corp. even after investors fled, erasing almost $51 billion in market value for the company that’s become a great hope ...
Roblox Stock Halved This Year. These Analysts Say Estimates Are ‘Too High.’
A wave of metaverse excitement for Roblox shares evaporated in recent months amid slowing domestic user growth trends and concerns about profitability. Courtesy of Roblox Text size A wave of metaverse...
The Recording Academy And Mastercard Are Bringing Grammy Week Into Roblox
This week, The Recording Academy and sponsor Mastercard are hosting a series of events related to The Grammy Awards inside of Roblox. Roblox Six decades after the Grammy Awards appeared on the scene a...
Is Roblox Developing Its Own Cryptocurrency?
What is Roblox? Roblox is a game creation platform and online gaming system. It enables folks to program and play games generated by other users. It was created by Erik Cassel and David Baszucki back ...
Roblox Corporation falls after Q4 results. Should you buy it?
Roblox Corporation (NYSE:RBLX) is trading at an MPS of $49.12 after the fourth-quarter results of February 16, 2022. This is the lowest market valuation in the company’s public trading after hitting a...
Cathie Wood’s Portfolio Hit as Roku, Tesla, Roblox Shares Drop
(Bloomberg) — A day after Cathie Wood described her speculative tech strategy as a “deep-value” portfolio loaded with underpriced companies, another tumultuous trading session is making some big...
Cathie Wood’s Ark Adds Shares of Roku, Roblox, Zoom
The buying spree continues for investment star Cathie Wood, CEO of Ark Investment Management. She sees the decline of young technology stocks as a buying opportunity and has been snapping them up in r...
Roblox Stock Tumbled 26%, but Analysts Still Love It
Some companies saw exceptional growth at the height of the pandemic and those focused on online gaming were among the beneficiaries. Similar to other segments which have suffered since the economy’s r...
Roblox stock is crashing because kids are returning to the real world
Roblox shares are getting whooped in the real world on Wednesday after disappointing earnings. Shares of the gaming giant crashed 20% to $58 in pre-market trading — bringing the stock below its $64.50...
Roblox, Shopify, Upstart and more
In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Check out the companies making headlines in midday trading...
Roblox Stock Crashes 25% After Lackluster Earnings
Topline Shares of online gaming platform Roblox plummeted 25% Wednesday morning after a worse-than-expected earnings report, making the explosively popular Gen-Z favorite one of the latest victims of ...
Where to buy Roblox Stock: it stayed strong even after missing Q4 Wall Street’s estimates
After Crashing by more than 15% on Tuesday after the release of the Company’s 2021 Q4 earnings report, the Roblox stock has shot up by about 7% today. Today’s correction shows that the stock has quite...