Press release
Investigation for NYSE: RBLX Investors announced over possible Violations of Securities Laws by Roblox Corporation
An investigation for investors in Roblox Corporation (NYSE: RBLX) shares over potential securities laws violations by Roblox Corp.
Investors who purchased shares of Roblox Corporation (NYSE: RBLX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Roblox Corporation (NYSE: RBLX) concerning whether a series of statements by Roblox Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Mateo, CA based Roblox Corporation develops and operates an online entertainment platform. Roblox Corporation reported that its annual Total Revenue rose from $923.88 million in 2020 to over $1.91 billion in 2021, and that its net Loss increased from $253.25 million in 2020 to $491.65 million in 2021.
On February 3, 2022, market analyst The Bear Cave published a report regarding Roblox entitled "Problems at Roblox (RBLX)".
Shares of Roblox Corporation (NYSE: RBLX) declined from $141.60 per share on November 22, 2021, to as low as $41.15 per share on March 7, 2021.
Those who purchased shares of Roblox Corporation (NYSE: RBLX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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