Shares of Roblox (NYSE:RBLX) fell on Thursday after the online gaming platform forecast losses higher than analyst estimates ...
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Why Roblox Stock Sank Today
On a net-income basis, Roblox is still losing considerable money. In Q3, the company had a net loss of $257 million, which was worse than its net loss of $240 million in the same quarter of last year.
To help its millions of active users showcase and share more of their favorite gameplay moments, Roblox is testing a new short-form, TikTok-esque video feed called “Roblox Moments.” Roblox says that ...
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