Roblox Shares Plunge Over 23% Amid Lower Than Expected Q2 Outlook

According to PANews, Roblox, often referred to as the 'first stock of the metaverse', experienced a significant drop in its opening stock price, falling by more than 23%. This sharp decline came after the company's financial report revealed a second-quarter outlook that fell short of market expectations. The disappointing forecast has led to a negative reaction from investors, resulting in a substantial decrease in the company's share price. Further details about the specific factors contributing to the lower than expected outlook were not provided in the report. The impact of this downturn on Roblox's future performance and market position remains to be seen.