Mahindra Lifespaces unveils India’s first home buying experience on the Metaverse
SOURCE: HTTPS://INDIATECHNOLOGYNEWS.IN/
OCT 31, 2023
Shares of metaverse company Roblox plummet after missing fourth quarter expectations
SOURCE: CNBC.COM
FEB 15, 2022
Gaming company Roblox shares fell more than 11% in after-hours trading Tuesday after missing fourth-quarter expectations on both the top and bottom lines.
Here’s how the company did versus expectations:
The company also reported 49.5 million daily active users up 33% year-over-year.
Roblox makes an open gaming platform, which lets players create their own “worlds” where they can interact and play with others over the internet and was the first major company working on the metaverse to go public.
Roblox sells virtual currency to players, which is used to purchase digital items in the game. Roblox has also signed deals with several big brands in recent months, such as the NFL and Nike.
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