Why Did Roblox Stock Plunge After Raising Its Revenue Guidance? Is the Sell-Off a Buying Opportunity?
Shares of Roblox (NYSE: RBLX) sank after its first-quarter results, despite the virtual gaming platform raising its full-year revenue outlook. The stock is now trading down over 30% year to date.
So why is Roblox's stock getting crushed?
Let's examine the company's quarterly results to find out why, and whether now is a good opportunity to buy the stock.
Source Fool.com