Roblox stock value slumped in 2022


Roblox stock value slumped in 2022

Despite emerging as one of the most popular digital investment options of 2021, Roblox stock value slumped in 2022 and ended the year in a worse position than it began. While not the only gaming or tech company to suffer due to the downturn in the global economic situation, currently the platform looks like an outlier, struggling more than some of the other big hitters.

With a Forbes article assessing the viability of Roblox stock in October 2022, and year-end pieces by InvestorsObserver and The Motley Fool, the damage done in the last twelve months is plain to see. At the time of the Forbes article publication, Roblox stock had fallen from $134 per share to $42, while just a couple of months later, the price is now down to just over $30.

It’s not a massive surprise to see Roblox stock suffering in recent months, with many factors at play. Not only has the platform felt the effects of the slow-burning recession, but the Roblox player count saw a downturn for the first time in 2022 too, obviously affecting investor attraction, while some viral Tweets tried to warn parents off allowing their children to use the platform due to some questionable titles.

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