Why Roblox Stock Dropped Thursday

·2-min read
Why Roblox Stock Dropped Thursday

Roblox Corporation (NYSE: RBLX) shares plunged in Thursday trading to close the day down 7.8%. This was the second day in a row of prices falling since the company reported blockbuster sales growth in its first earnings report post-IPO. As videogameschronicle.com reported late Tuesday (perhaps not coincidentally, just hours after the earnings report that sent Roblox stock flying), video game producer Ubisoft is shifting its business model away from relying solely on sales of high-price "AAA releases" and evolving to offer a "high-quality line-up that is increasingly diverse," including "building high-end free-to-play games."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting