RBLX Stock Recent News

Louisiana's attorney general filed a lawsuit against Roblox Corporation RBLX, accusing the gaming company of enabling child sexual abuse and exploitation on its platform.

The lawsuit said the gaming company uses “deceptive practices” that allow predators to thrive online.

Roblox Corporation (RBLX -7.20%), the online gaming platform that's especially popular with teens and younger kids, saw its stock sell off hard this morning -- down more than 10%. The shares have clawed back some of their losses as the day progresses, but as of 11:10 a.m.

The attorney general of Louisiana has filed a lawsuit against Roblox, accusing the platform of failing to implement basic safety controls and making the site the “perfect place for pedophiles.”

Ark Invest CEO Cathie Wood is known for her stock picks over the last decade, handpicking many of the growth stocks that find their way into the company's ETFs.

Roblox's soaring growth and viral hits drive record engagement. However, high costs, losses and a rich valuation raise caution.

RBLX's surging DAUs and record payers drive second-quarter bookings growth, as it invests in scaling monetization potential.

Roblox (RBLX -0.68%) has become a cultural phenomenon, boasting more than 100 million daily active users (DAUs) and a growing ecosystem of creators building immersive games and experiences. The company is often touted as a pioneer of the metaverse -- a new frontier for social interaction, entertainment, and digital commerce.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

RBLX posts soaring revenue and user growth, but deepening losses raise fresh doubts about its path to profitability.