It's been a great run for RBLX since coming public. For almost 15 months, we've all been stuck at home playing video games and investing in meme stocks. Unfortunately, the company released an update today which Wall Street didn't like very much. A 28% YoY increase in active Roblox gamers for the month of May seems like pretty good news to me. Unfortunately, it's a decrease of 1% from the month of April. Yeah, so... maybe a few of us want to get out now that we don't need to wear our masks?
I'm a bull at heart but when I see this chart, I want to short this stock (at least short-term). What do you guys think?
I'm a bull at heart but when I see this chart, I want to short this stock (at least short-term). What do you guys think?