Hey Everyone,
We had a massive weak for central bank rate hikes. I don’t think a recession or earnings compression is priced in. The bear market bounces are still pretty delusional.
The NASDAQ 100 was down 3.37% yesterday.
Yesterday was a harsh day for the NASDAQ, some losers included:
Where I noticed it a bit more where:
Roblox itself was down 15.76% on December 15th, 2022. So what gives?
So we know that Roblox is the best ecosystem at the intersection of young users, coding, gaming and an internal currency and likely the future of advertising. This is a very lucrative intersection.
As Generative A.I. evolves, it will be used in Roblox for kids and young teenagers to create games and assets for games and earn early money. But were the growth metrics too rosy for reality?
Roblox revenue, which it calls booking growth, declined year over year due to the strength of the U.S. dollar.
Bookings per daily active user also fell by as much as 9% from a year ago.
Roblox’s report comes amid broader weakness in the videogaming industry.
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