NEW
YORK, July 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Roblox Corporation (NYSE: RBLX).
Shareholders who purchased shares of RBLX during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/roblox-loss-submission-form/?id=90350&from=4
CLASS PERIOD: November 15,
2023 to May 8, 2024
ALLEGATIONS: According to the complaint, 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.
DEADLINE: August 12, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/roblox-loss-submission-form/?id=90350&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of RBLX during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is August 12, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm
