Roblox’s revenue in the fourth quarter increased over both the previous quarter and was up 83% over the same period in 2020, but the gaming and metaverse platform’s still-strong user growth is far below what it experienced during the height of the Covid-19 pandemic. Roblox shares dropped over 13% in after-hours trading. Roblox reported fourth quarter losses of $143.3 million. Roblox’s revenue...
Roblox Shares Fall in After-Hours Trading Following Earnings Announcement
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Let The Mixed-Reality Headset Games Begin
You don’t need special glasses to see why Meta Platforms announced its latest mixed-reality headset, the Quest 3, on Thursday, just days before Apple is expected to unveil its own entry to the field. CEO Mark Zuckerberg has literally bet the company, and its name, on the metaverse, but the results so far have been disappointing. It’s been almost a decade since Meta, née Facebook, stepped...
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