RBLX - Roblox Is Set for Better Times in 2024 and Beyond. Here's Why
2024-07-15 10:07:00 ET
Shareholders in Roblox (NYSE: RBLX) have been on a roller-coaster ride over the last few years. The company went public in 2021 as the COVID-19 pandemic was driving the use of its video game platform sky-high, and its stock price almost doubled from $70 to $135 in just a few months.
But investors' optimism about it faltered in the following few quarters, and its stock price slid below $25 per share. Concerns about the sustainability of its growth and its lack of profitability were some of the main drivers of the stock's poor performance.
Now, however, there are signs that Roblox has been through the worst and is well-positioned for better times in the future.
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Roblox Is Set for Better Times in 2024 and Beyond. Here's Why