The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

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

by admin 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
Elon Musk’s AI startup now valued at $24 billion after fresh funding
next post
Major New LCT Pegmatite System Discovered at Mavis Lake East

Related Posts

5 Experts Share Highest-Conviction Sectors for 2025

January 4, 2025

New Resource Booking

November 4, 2024

How to Use Gold Investments as a Hedge...

August 21, 2024

Top 5 Manganese Reserves by Country (Updated 2024)

May 28, 2024

Anglo American Plans De Beers Sale After Rejecting...

May 16, 2024

Unearthing Efficiency: How the Mining Industry is Using...

April 6, 2024

Top 5 Canadian Lithium Stocks of 2024

July 18, 2024

Brien Lundin: Gold Stocks Due for Takeoff, Get...

March 9, 2024

6 Mining Companies Make Top 20 on 2025...

January 18, 2025

Rio Tinto, Eurodia Team Up for Argentina Lithium...

February 8, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Categories

    • Business (1,432)
    • Investing (3,523)
    • Politics (4,756)
    • World (4,659)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 © 2024 TheInvestmentWhisperer.com | All Rights Reserved