Roblox Stock News

The online gaming platform Roblox has been banned in Russia, according to a report from Russian state media.

Russia has blocked access to the U.S. children's gaming platform Roblox , accusing it of distributing extremist materials and "LGBT propaganda".

The Virtus Silvant Mid-Cap Growth Fund returned +5.43% (Class INST) for the quarter, compared to the Russell Midcap Growth Index's return of +2.78%. Palantir Technologies (PLTR) and Roblox (RBLX) were among the top stock contributors. Fair Isaac Corp. (FICO) and Verisk Analytics (VRSK) were among the largest stock detractors.

Roblox's engagement is soaring at an unprecendented rate, making it worthy of a serious look from investors. Management is aiming to reach 1 billion users, which could give the stock more long-term upside.

This week the company announced that it would require users to undergo an A.I.-powered age estimation process in order to chat with others on the platform.

Cathie Wood added to her positions in Klarna, Roblox, and Circle Internet Group on Tuesday. The three stocks have fallen sharply since posting financial results this earnings season.

Online gaming giant Roblox has just announced it will start checking users' ages from early December in an attempt to stop children and teenagers talking with adults.

Gaming platform Roblox will require users to verify their age using facial recognition software to chat with other players, a company executive said, with the goal of limiting communication between kids and adults on the platform.