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Roblox shares drop by 20% as platform misses target active users
Roblox shares have dropped by 20 percent after the platform's reported daily active users fell short of analysts' estim…
Roblox shares have dropped by 20 percent after the platform's reported daily active users fell short of analysts' estimates. Watch on YouTube In an earnings call, Roblox CFO Mike Guthrie noted growth in Eastern Europe was "quite a bit slower" than anticipated, owing to a ban of the platform in Türkiye over child safety concerns. That ban took place in August last year, with Roblox responding at the time: "We respect the laws and regulations in countries where we operate and share local lawmakers' commitment to children.
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