Roblox Corporation (RBLX) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Roblox Corporation (“Roblox” or “the Company”) (NYSE: RBLX). Investors who purchased Roblox securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/RBLX.

Investigation Details:

On May 9, 2024, Roblox reported its financial results for the first quarter of 2024 and provided updated guidance. Among other items, Roblox advised that it expects bookings revenue of $870 million to $900 million for the second quarter of 2024, compared to analyst expectations of $929 million, and bookings revenue of $4 billion to $4.1 billion for the full year, significantly lower than the Company’s earlier forecast of $4.14 billion to $4.28 billion. On this news, Roblox’s stock price fell $8.61 per share, or 22.06%, to close at $30.42 per share on May 9, 2024.

What’s Next?

If you are aware of any facts relating to this investigation or purchased Roblox securities, you can assist this investigation by visiting the firm’s site: bgandg.com/RBLX. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.