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Roblox stock drops after pulling down China app for retooling MarketWatch

January 8, 2022
Source: marketwatch.com marketwatch.com
News Snapshot:
Roblox Corp. shares dropped Friday following a report that the social-gaming company’s app in China will be unavailable for an undetermined period after being shut down in December. Roblox RBLX, -4.97% shares fell as much as 7% in Friday trading and were last down 5% at $84.59. Shares are more than 80% higher than the $45 reference price established when the company went public in March , but nearly 40% lower than their peak close of $134.72 in mid-November. Back in December, Roblox pulled its app for a service separate from Roblox for the Chinese market called “LuoBuLesi,” in partnership...
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