Indeed, its underlying profitability leaves investors wanting more. However, the stock is still up 36.2% since the start of the year.I argue that Roblox ( NYSE: RBLX) is growing more stably than it may appear at first.īut I'm quick to note that the bull case is not without blemishes. To go along with that, shares of RBLX stock are down slightly as of Thursday morning. That’s well below its daily average trading volume of about 9.4 million shares. Shares of RBLX stock are seeing little activity, with some 2 million changing hands as of this writing. “This program is yet another step towards our long-term vision of building an economy where anyone can create, sell and earn on our platform, and expanding our community with new partners will play a key role in enabling this future.” RBLX Stock Movement Todayĭespite the Roblox Partner Program announcement, investors don’t seem to be interested in the news. Manuel Bronstein, Chief Product Officer at Roblox, had this to say on the program: Just a few worth mentioning include Century Games, Dentsu, Dubit, Playwire, Sawhorse, The Gang Group, and Vayner3. They’ll also gain educational material and insight into Robolox analytics.Īccording to Roblox, it’s already signed on several of its partners that will take part in this new program. It wants to do this by allowing partners of the platform to share in ad revenue from content they create. This new Roblox Partner Program has the company seeking out scale brand innovation. Roblox (NYSE: RBLX) stock is a hot topic among traders on Thursday after the game development platform announced a new partner program.
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