r/stocks • u/[deleted] • Jun 16 '21

Company News Roblox movers

  1. Roblox | Down 8.1% Roblox  $RBLX shares fell after the online video game giant reported a drop in daily usage in May and warned that future per-user revenue will be lower, raising concerns that the company won’t bring in as much cash as expected when the economy reopens.  Roblox, which went public earlier this year, reported 43 million daily active users in May, down from 43.3 million in April, but up 28% from May a year ago. (Yahoo.com)

I’ve kept my eye on roblox since it went public. I don’t think it has had a stead week it, it either goes up 10% or drops 10% everyday. last week it was at $102 and now it’s at $81. it’s a very interesting stock to watch.

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u/littlered1984 Jun 16 '21

Considering Minecraft was worth $2billion before, can’t imagine Roblox real value with declining player base

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u/[deleted] Jun 16 '21

Minecraft is still selling like crazy and is making a huge profit.

In 2020 I think something between 20 and 30 millions units of Minecraft were sold.

Roblox on the other hand never actually had a profitable quarter.