Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

Open

52.50

Mkt cap

33B

Volume

9.1M

High

52.53

P/E Ratio

-31.12

52-wk high

55.10

Low

50.68

Div yield

N/A

52-wk low

29.55

Roblox Corporation (RBLX) has announced advancements in its generative AI research projects, ControlNet and StarCoder. ControlNet is an open-source neural network that enhances image generation models for more precise outputs. StarCoder is an open-source large language model for code generation. Both projects aim to provide more powerful tools for creators and indicate advances in AI control for various applications. The company believes these advancements could significantly impact the future of Roblox and the field as a whole.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 4:12 pm

Bumble Inc (NASDAQ: BMBL) is taking steps to combat issues related to bots, spam, ghosting, and doxing on its platforms, including Badoo. The company has introduced measures to maintain user experience integrity, including prohibiting artificial manipulation of connections, matching, conversations, or engagement. Bumble has blocked over 8.2 million accounts this year using AI-driven detection mechanisms. The company is also addressing ghosting and doxing issues, categorizing them as violations of its policies.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 3:05 pm

The past week saw significant declines in the Dow, S&P 500, and Nasdaq Composite. Amidst this, the 10-year U.S. Treasury yield surged, hinting at potential interest rate increases due to inflationary pressures. Bullish views were expressed for Tesla and Nvidia, while bearish views were expressed for Roblox, Snapchat, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from Michael Cohen

August 19, 2023 | 3:05 pm

Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Roblox (NYSE:RBLX) and lowered the price target from $45 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:19 am

Roblox shares are trading lower following a bearish report from Bear Cave Newsletter.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:40 pm

Roblox Corporation's Q2 results missed estimates, causing a 21% drop in shares. Despite this, the company continues to expand its partnerships and brand activations, including collaborations with Meta Platforms, Spotify Technology, and H & M Hennes & Mauritz AB. Roblox reported a net loss of $282.8 million, attributed to increased expenses associated with growth. However, daily active users rose 25% YoY, and the company aims to reach 1 billion daily users. Roblox's entry into the Meta virtual headset market was successful, with over one million downloads in five days.

Portfolio Pulse from Upwallstreet

August 17, 2023 | 6:17 pm

Roblox (NYSE:RBLX) is under scrutiny following a short report by The Bear Cave, which alleges the company has facilitated child abuse cases, and that its games include inappropriate content. The report also claims that users are encouraged to commit ad fraud and gambling activities to earn free Robux, the in-game currency. Roblox shares are down 4% to $28.01 at the time of writing, and have fallen 41% over the last year.

Portfolio Pulse from Chris Katje

August 17, 2023 | 3:17 pm

The Bear Cave has published a report alleging that Roblox (NYSE:RBLX) has facilitated hundreds of known child abuse cases, with popular Roblox game developers being arrested on child abuse allegations. The report also claims that Roblox games include images of dismembered bodies and Nazi logos, and the company has been linked to child suicide attempts and the widespread production of child pornography. The Bear Cave believes Roblox has facilitated more child abuse than any public company in history.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 2:32 pm

Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Roblox (NYSE:RBLX), but lowered the price target from $53 to $51.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:52 pm

The video game industry is experiencing a shift in revenue generation channels, with a surge in popularity and financial contribution of virtual in-game goods and subscription services like Microsoft's Game Pass. Gamers are expected to spend nearly $21 billion on in-game items and subscription services this year. This shift is causing challenges for console creators, developers, and publishers like Sony, which relies heavily on exclusive premium titles for its PlayStation 5 console. Major console publishers, including Activision Blizzard, Take-Two Interactive Software, and Electronic Arts, are recalibrating their strategies to adapt to this trend.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 12:46 pm

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