Roblox shares fell 9.1% Wednesday, after the social-gaming and creation platform revealed that growth slowed after a massive Halloween weekend outage.
Roblox Corp. shares fell 9.1% Wednesday, after the social-gaming and creation platform revealed that growth slowed after a massive Halloween weekend outage.
A month ago, Roblox shares soared more than 40% in one day after the company reported strong October results despite having lost three days to an outage that occurred over Halloween weekend. Shares surged the other way Wednesday after the videogame company disclosed November numbers that were not as strong.For November, the company reported 49.4 million average daily active users, up 35% from last November but down from the 50.
For November, hours engaged were 3.6 billion, a gain of 32% year over year, but in the first 27 days of October, hours of engagement were 3.2 billion, or up 41% over the same period in 2020.
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