Roblox: Regulatory Fears Will Fade As Bookings Grow

Weekly Market HighlightsWeekly performance was volatile at the extremes, with 876 stocks gaining more than 10% while 776 stocks declined by more than 10%.Marke

Roblox Corporation (NYSE: RBLX - Get Free Report) insider Mark Reinstra sold 60,000 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the transaction, the insider owned 394,322 shares in the company, valued at approximately $25,212,948.68.

CenterBook Partners LP purchased a new stake in Roblox Corporation (NYSE: RBLX) in the undefined quarter, according to its most recent disclosure with the SEC. The fund purchased 10,370 shares of the company's stock, valued at approximately $1,436,000. Other large investors have also recently bought and sold shares of the company. Pilgrim Partners

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The county alleges Roblox has engaged in deceptive business practices and is failing to protect children from predators.

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Axxcess Wealth Management LLC grew its holdings in shares of Roblox Corporation (NYSE: RBLX) by 78.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,179 shares of the company's stock after buying an additional 7,971 shares during the period. Axxcess Wealth

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In a sprawling lawsuit filed today against Roblox by Los Angeles County, the hugely popular online gaming platform has been accused of creating a breeding ground for monsters to exploit and extort minors with “pornographic content,” grooming, violence, “child sexual abuse material,” and “simulated sexual activity.