Roblox (NYSE: RBLX) shareholders lost ground to a falling market on Thursday. The decline added to significant short-term losses for Roblox stock, which is down over 60% so far in 2022. It was sparked by increasing Wall Street concern about its growth outlook in a slowing global economy.
This metaverse pioneer has ambitious long-term plans, but it's not the only company trying to capitalize on the growth of virtual worlds. In this video, I will use my six-step framework to determine if Roblox (NYSE: RBLX) stock is a buy.
The metaverse pioneer said users are spending less on the platform after economies started reopening.