4 Red Flags for Roblox's Future
A popular pandemic stock, Roblox (NYSE: RBLX), is experiencing a reversal of its fate as economies reopen. The metaverse pioneer thrived as kids were sent home from school for remote learning. As schools brought children back into classrooms, Roblox's key metrics declined.
Those trends, including falling daily active users, engagement, bookings, and average bookings per daily active user, have investors concerned, and Roblox's stock is down 78% off its high. Let's look closer at each of the four red flags for Roblox's future.
In its most recent update on June 15, Roblox informed investors it had 50.4 million daily active users. While that was a 17% increase from the same month in the previous year, it was down from the 53.1 million daily active users it boasted a month earlier.
Source Fool.com
