ROBLOX CORP. (NYSE: RBLX) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by August 12, 2024

Core Viewpoint - A lawsuit has been filed against Roblox Corp. on behalf of investors who purchased securities between November 15, 2023, and May 8, 2024, alleging that the company misrepresented its revenue outlook and growth potential [1][3]. Summary by Sections Lawsuit Details - The lawsuit claims that Roblox's management created a false impression regarding the company's revenue projections and bookings growth, attributing this to platform expansion and technological advancements [3]. - Investors who acquired Roblox securities during the specified Class Period can seek to be appointed as lead plaintiff representatives by August 12, 2024 [2]. Financial Performance - On May 8, 2024, Roblox revised its fiscal year 2024 bookings guidance to a range of $4.0 billion to $4.14 billion and total revenue to between $3.30 billion and $3.40 billion [4]. - Following this announcement, Roblox's stock price dropped by $8.67, a decline of over 22%, from $39.09 per share on May 8, 2024, to $30.42 per share on May 9, 2024 [4].