Shares of Roblox (NYSE:RBLX) fell on Thursday after the online gaming platform forecast losses higher than analyst estimates ...
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Why Roblox Stock Sank Today
On a net-income basis, Roblox is still losing considerable money. In Q3, the company had a net loss of $257 million, which was worse than its net loss of $240 million in the same quarter of last year.
While there still aren’t enough homes in the U.S. for everyone who would want to own one, that isn’t going to help builders, says Evercore analyst Stephen Kim.
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