Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

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
Metals Australia
next post
Metals Acquisition to Invest in Polymetals as Company Plans Endeavor Mine Restart

You may also like

5 Artificial Intelligence ETFs

IBN Announces Latest Episode of The MiningNewsWire Podcast...

Noble Minerals Acquires a Property with Significant Uranium,...

Peter Krauth: Silver’s Time Will Come, Why Price...

International Lithium: PEA for the Raleigh Lake Lithium...

5 Top Weekly TSXV Stocks: Timberline Gains 120...

5 Top Weekly TSXV Stocks: Rio2 Leads After...

Atlantic Appeals for Fiscal Re-evaluation for Ewoyaa Lithium...

Top 5 Canadian Lithium Stocks of 2024

Ukraine Invites Australian Miners to Invest in Resources...

    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

    • Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    • Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US help

    • Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

    • US and other allies of Ukraine pile pressure on Putin, threatening fresh sanctions if he refuses 30-day truce

    • OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’

    Categories

    • Business (1,632)
    • Investing (4,782)
    • Politics (7,552)
    • Uncategorized (2)
    • World (6,137)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.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 toppricemarket.com | All Rights Reserved


    Back To Top