Roblox Reports Slowed User Growth, Stock Plummets
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Roblox shares plummeted more than 20% in trading Thursday after the metaverse gaming company cut its annual bookings forecast, signaling a downturn in in-game spending and uncertain economic outlook in the video-gaming industry as a whole.
The company lowered its full-year bookings guidance to between $4 billion and $4.1 billion, down from $4.14 billion to $4.28 billion.
Its…
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