Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Roblox CorporationShareholders May Have Been Affected by Fraud – Levi & Korsinsky Investigates

by May 29, 2024
May 29, 2024
Roblox CorporationShareholders May Have Been Affected by Fraud – Levi & Korsinsky Investigates

Levi & Korsinsky notifies investors that it has commenced an investigation of Roblox Corporation (‘Roblox’) (NYSE:RBLX) concerning possible violations of federal securities laws

On February 7, 2024, Roblox – the publisher of the Minecraft video game – issued its FY 2024 fiscal guidance. It was the first time Roblox issued a fiscal guidance to investors.

Then, on May 9, 2023, Roblox hosted its quarterly earnings call and slashed its guidance for FY 2024. Management blamed changes in player engagement for the guidance reduction.

Analysts expressed dismay at the rapidly reduced guidance, with one analyst noting Roblox made the cut ‘at one of its first real opportunities to do so.’ Other analysts reported the reduced guidance ‘may raise concerns regarding management’s visibility into core bookings growth’ and the Company ‘will be burdened by a management credibility issue over the near term.’

Following the earnings call, RBLX shares fell $8.61, or 22% overnight.

To obtain additional information, go to:

Roblox Lawsuit Submission Form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
EQUITIES REMAIN IN “GO” TREND WITH SPARSE LEADERSHIP FROM TECH AND UTILITIES
next post
Why Do Central Banks Buy Gold? (Updated 2024)

Related Posts

Blue Sky Uranium Acquires New Projects in Argentina

June 24, 2024

How is the Smart Money Investing in Mining...

February 16, 2024

New Purpose ETFs Give Canadian Investors Access to...

February 21, 2025

Aether Global Innovations Corp. Signs Strategic Joint Venture...

October 20, 2023

Eskay Mining and P2 Gold Agree to Merge,...

June 6, 2024

Finlay Minerals stakes the JJB Property – within...

April 23, 2025

Editor’s Picks: ECB Issues Gold Warning, Uranium Stocks...

May 24, 2025

Carbon Done Right Developments Inc. Provides Bi-Weekly MCTO...

May 16, 2024

John Feneck: Gold Setup is “Beautiful,” New All-time...

December 1, 2023

Silver Tiger Metals Inc. Announces Bought Deal Financing

March 26, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • 1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

    • Ontario Backs Down on Key Bill 5 Provisions, Echoes BC’s Mining Debate

    • Appeals Court Grants Trump Temporary Reprieve on Tariffs, “TACO” Taunts Gain Steam

    Categories

    • Business (1,223)
    • Investing (2,503)
    • Politics (3,699)
    • Stocks (1,614)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved