Roblox Stock News

The gaming platform has added several new safety measures recently in an attempt to mitigate growing concerns over child safety and exploitation.

Throughout the years, several reports have accused Roblox, the popular gaming platform aimed at preteens, of lacking strict safety protocols for children, which exposes them to dangers such as grooming, explicit content, and violent or abusive material.

Shares of Roblox Corporation NYSE: RBLX soared 22.07% last week after the company released its third-quarter earnings report, which exceeded expectations and marked a pivotal moment for the company. The earnings report boosted the stock, pushing it above a multi-year consolidation and into positive territory.

Shares of Roblox Corporation NYSE: RBLX soared 22.07% last week after the company released its third-quarter earnings report, which exceeded expectations and marked a pivotal moment for the company. The earnings report boosted the stock, pushing it above a multi-year consolidation and into positive territory.

Roblox Corp (NYSE:RBLX) is 2.8% higher in premarket trading, after Morgan Stanley upgraded shares to "overweight" from "equal weight" and raised its price target to $65 from $38.

Back on October 8, noted activist short-selling group Hindenburg Research released a comprehensive report alleging that Roblox (NYSE: RBLX) was engaged in misleading and careless business practices.

The avalanche of earnings reports continued this past week, driving the CE 100 Index 2.1% higher. Porch Group shares surged nearly 73%  and drove the Live segment ahead by 7.6%.

NEW YORK, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a leading investor rights law firm, continues to investigate Roblox Corporation (NYSE: RBLX) for potential violations of the federal securities laws.