Why Roblox Rolled Over for an 18% Loss in December
Shares of Roblox (NYSE: RBLX) tumbled like a Jenga tower, after the online gaming platform reported November metrics that were below expectations. According to data from S&P Global Market Intelligence, said slowing growth caused shares to plummet 18.2% in December, and the carnage hasn't ended. With the new year, Roblox is down another 18% so far in January.
From its November peak to last Friday's close, the online game has given up 40% of its value.
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Source Fool.com
