Shares of Roblox (NYSE: RBLX) plunged 18% on Friday following the gaming platform's first-quarter earnings update. The stock now trades at about $45 as of this writing -- down roughly 70% from a 52-week high of $150.59 reached last year. Notably, the stock's pullback isn't really about the quarter itself. Bookings jumped 43% year over year, and daily active users hit 132 million. The issue is what...
Shares of Roblox (NYSE: RBLX) plunged 18% on Friday following the gaming platform's first-quarter earnings update. The stock now trades at about $45 as of this writing -- down roughly 70% from a 52-week high of $150.59 reached last year. Notably, the stock's pullback isn't really about the quarter itself. Bookings jumped 43% year over year, and daily active users hit 132 million. The issue is what management said about the rest of 2026. With headwinds from its age-verification efforts turning out to be deeper than expected, Roblox cut its full-year bookings forecast by nearly $1 billion at the midpoint. So with shares now well off their highs, is it time to step in? Continue reading
Within hours he'd thrown up a website — a janky, one-hour job, by his own admission — and by Sunday, 36,000 "founding patrons" had pledged nearly $23 million, crashing his servers in the process.
Within hours he'd thrown up a website — a janky, one-hour job, by his own admission — and by Sunday, 36,000 "founding patrons" had pledged nearly $23 million, crashing his servers in the process.
Hong Kong universities are rapidly gaining favour among mainland Chinese families as they shun the intense domestic competition of the gaokao and uncertainties stemming from Sino-US tensions, embracing the city’s generous non-local admission quotas. The Blue Book on Mainland Students Studying in Hong Kong released late last month underscores this trend, attributing it to geographic proximity, cult...
Hong Kong universities are rapidly gaining favour among mainland Chinese families as they shun the intense domestic competition of the gaokao and uncertainties stemming from Sino-US tensions, embracing the city’s generous non-local admission quotas. The Blue Book on Mainland Students Studying in Hong Kong released late last month underscores this trend, attributing it to geographic proximity, cultural familiarity, and pragmatic considerations regarding career prospects and residency planning,...
On a quiet March morning at Incheon International Airport, the head of a government agency responsible for administering industrial accident insurance stood before a memorial adorned with flowers and a photo of Nguyen Van Tuan. The 23-year-old Vietnamese worker had died 10 days earlier in a conveyor belt accident at a gravel factory in Icheon, Gyeonggi province. Korea Workers’ Compensation and Wel...
On a quiet March morning at Incheon International Airport, the head of a government agency responsible for administering industrial accident insurance stood before a memorial adorned with flowers and a photo of Nguyen Van Tuan. The 23-year-old Vietnamese worker had died 10 days earlier in a conveyor belt accident at a gravel factory in Icheon, Gyeonggi province. Korea Workers’ Compensation and Welfare Service (K-Comwel) President Park Jong-kil bowed deeply, offered flowers and placed his hand on...
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, speaks to the press on the second day of the Republican National Convention at the Fiserv Forum on July 16, 2024 in Milwaukee, Wisconsin. Alex Wong | Getty Images Former New York City Mayor Rudy Giuliani was in "critical but stable condition" in a Florida hospital on Sunday night, his spokesman said. Ted Goodman , hi...
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, speaks to the press on the second day of the Republican National Convention at the Fiserv Forum on July 16, 2024 in Milwaukee, Wisconsin. Alex Wong | Getty Images Former New York City Mayor Rudy Giuliani was in "critical but stable condition" in a Florida hospital on Sunday night, his spokesman said. Ted Goodman , his spokesman, did not offer any details about what led to the hospitalization of the 81-year-old Giuliani, who previously served as President Donald Trump 's personal lawyer. "Mayor Giuliani is a fighter who has faced every challenge in his life with unwavering strength, and he's fighting with that same level of strength as we speak," Goodman said in a statement. "We do ask that you join us in prayer for America's Mayor Rudy Giuliani," he said. The Republican served as an attorney for Trump's 2020 campaign, where he promoted false claims that Trump had actually won that election over former President Joe Biden . Giuliani hosted his online show, "America's Mayor Live," on Friday night from Palm Beach, Florida, The Associated Press reported. During the show, he coughed and sounded more raspy than usual, the AP noted. "My voice is a little under the weather, so I won't be able to speak as loudly as I usually do, but I'll get closer to the microphone," Giuliani said during the show. Read more CNBC politics coverage Pirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions' Bard President Botstein retiring after Jeffrey Epstein ties detailed Trump tells Congress hostilities in Iran 'have terminated' at war powers deadline Lutnick gets grilling on Nvidia chip sales to China in Sen. Chris Coons letter Trump on Sunday night praised Giuliani while noting his condition, and repeated his election denial claims in a post on Truth Social. Trump called Giuliani a "True Warrior, and the Best Mayor in the History of New York City, BY FAR," in his post. "What a trag...