A Troubling Trend Is Emerging at Roblox
Roblox (NYSE: RBLX) counts itself among a select group of stocks that ended up benefitting from the adverse effects of the coronavirus pandemic. The metaverse pioneer saw outsized growth, in part because millions of children were sent home from school for remote learning and didn't participate in after-school activities that were canceled.
Roblox is popular among the younger generation. It was no surprise that it experienced a surge of new signups, engagement, and revenue as kids suddenly had a lot more time available with fewer entertainment options.
Unfortunately, Roblox is now experiencing the reversal of that trend.
Source Fool.com
