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Shares of Roblox (RBLX -0.57%) -- the gaming platform popular with teenagers -- have been on fire recently, almost doubling their price in the last 12 months. Investors have been drawn to the company's continuing recovery from the bottom it reached in 2022 and its robust prospects.
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Roblox's daily users jumped 26% last quarter and CEO David Baszucki says ad revenue is growing. Baszucki discusses the company's earnings with Caroline Hyde and Ed Ludlow on “Bloomberg Technology”.
Roblox Corp RBLX reported a narrower-than-expected loss for its fiscal first quarter on Thursday.
Oppenheimer upgrades AutoZone — NewEdge Wealth CEO Rob Sechan owns it and breaks it down, while the Investment Committee drops their latest picks.
"Over 100 creators on the platform made over $1 million in the last 12 months. So there's a huge variety of creators starting to make good businesses," says Roblox CEO David Baszucki on how creators are monetizing on the gaming platform bloom.bg/43eLviw
Does Roblox (RBLX) have what it takes to be a top stock pick for momentum investors? Let's find out.
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