GAN - Why Roblox and Other Content Platform Stocks Fell This Week
This was a tough week for stocks focused on creating tech platforms for gaming content and online gambling. By the market close on Thursday, Roblox (NYSE: RBLX) , Skillz (NYSE: SKLZ) , and GAN Limited (NASDAQ: GAN) had each lost over 11% compared to a 1% boost in broader indexes, according to data provided by S&P Global Market Intelligence .
In Roblox's case, the stock remains in positive territory since its recent initial public offering.
Skillz and GAN are both down significantly despite surging demand in their businesses. The slumps all can be explained by regular volatility associated with these tech stocks.
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Why Roblox and Other Content Platform Stocks Fell This Week