Browsing: Metaverse & Virtual Worlds

Roblox Corporation RBLX used its second-quarter earnings call to explain a strategic transition focused on long-term retention, AI-powered creation and expansion into broader gaming categories. Management acknowledged near-term monetization pressure while maintaining confidence in its long-term platform strategy.

A leaked memo has revealed Asha Sharma’s plans for Xbox going forward. Part of these plans involve investing heavily in Minecraft – so much so that it becomes the “world’s creator platform”.

Roblox (RBLX) crashed 29% on its worst trading day ever after guiding Q3 bookings to their first-ever year-over-year decline.

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades:

Roblox Corp (NYSE:RBLX) shares fell nearly 30% to around $34 following the company’s second quarter results, as investors reacted to weaker monetization trends and a cautious outlook despite continued user growth.

A new FortnitePeely Hours event has been introduced to the battle royale for a limited time, giving players a chance to catch Peely Sprites daily. During Peely Hours, Sprite Variants such as Gummy, Galaxy, Gold, and Holofoil will appear more often across the map. Here is when FortnitePeely Hours begins every day, its complete schedule…

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Spyglass Capital Management LLC, an investment management firm, released its second-quarter investor letter for “Spyglass Growth Strategy”. A copy of the letter can be downloaded here. Spyglass Growth Strategy appreciated 24.63% in the second quarter, significantly outperforming the Bloomberg Midcap Growth Index’s 14.05% increase, the Bloomberg 2500 Growth Index’s 19.01% gain, and the Bloomberg 500…

If you’re the type who gets motion sick in virtual reality headsets, then sorry, this one’s not for you. There’s a passionate developer out there who decided it would be cool to adapt retro video games into virtual reality.

Roblox (NYSE:RBLX – Get Free Report)’s stock had its “neutral” rating reaffirmed by Wedbush in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $40.00 price objective on the stock, down from their previous price objective of $65.00. Wedbush’s price objective would indicate a potential downside of…