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Roblox misses quarterly bookings estimates on lower spending, shares tumble

Retrieved on: 2024-05-04 10:24:40

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Roblox misses quarterly bookings estimates on lower spending, shares tumble. View article details on hiswai:

Summary

Roblox, operating within the metaverse concept, faced decreased demand and rising competition during the COVID-19 pandemic, impacting the video game industry and leading to missed revenue targets and a significant share value drop.

Article found on: ca.style.yahoo.com

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