Shareholders that lost money on Roblox Corporation(RBLX) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

PRNewswire 3-Jul-2024 5:45 AM

NEW YORK, July 3, 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=88719&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=88719&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