The Virtus Silvant Mid-Cap Growth Fund returned +5.43% (Class INST) for the quarter, compared to the Russell Midcap Growth Index's return of +2.78%. Palantir Technologies (PLTR) and Roblox (RBLX) were among the top stock contributors. Fair Isaac Corp. (FICO) and Verisk Analytics (VRSK) were among the largest stock detractors.
Roblox's engagement is soaring at an unprecendented rate, making it worthy of a serious look from investors. Management is aiming to reach 1 billion users, which could give the stock more long-term upside.
This week the company announced that it would require users to undergo an A.I.-powered age estimation process in order to chat with others on the platform.
Cathie Wood added to her positions in Klarna, Roblox, and Circle Internet Group on Tuesday. The three stocks have fallen sharply since posting financial results this earnings season.
Online gaming giant Roblox has just announced it will start checking users' ages from early December in an attempt to stop children and teenagers talking with adults.
Gaming platform Roblox will require users to verify their age using facial recognition software to chat with other players, a company executive said, with the goal of limiting communication between kids and adults on the platform.
SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox Corporation (NYSE: RBLX), an immersive gaming and creation platform, today announced it is in the process of rolling out age-based chat, following its announcement in September. Roblox will be the first online gaming or communication platform to require age checks for communication, which the company hopes sets a new industry standard. Age-based chat i...
Roblox delivered a stellar Q3 with robust user engagement, 48% revenue growth, and strong free cash flow generation. Despite robust Q3 results, RBLX issued soft Q4 guidance, forecasting slower revenue growth, widening losses, and significant CAPEX increases. The company continues to expand genres and sees strong APAC growth, but faces potential regulatory risks as content safety is probed.
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