Is Roblox (RBLX) Stock on the Brink of Death? Lower Player Spending Might Say Yes.
Roblox(RBLX) InvestorPlace·2024-05-09 15:33
To use a term that Roblox (NYSE:RBLX) users understand, it might be “game over” for RBLX stock. Throughout the past few years, the video game producer has risen to the top of the online gaming world and gained prominence as a metaverse stock. However, Roblox recently reported mixed earnings for the first quarter and revealed a troubling statistic that has sent RBLX stock plunging; it expects its bookings to decline significantly. This means that player spending within the digital Roblox universe is falling, ...