Great Expectations for Roblox

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4.7 • 1.7K Ratings

🗓️ 16 June 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Roblox shares drop after the company reports a drop in daily active users as well as spending. La-Z-Boy wraps up the fiscal year with a strong report but shares fall nearly 10%. Maria Gallagher analyzes those stories and discusses eBay selling its division in South Korea for $3.6 billion.

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Transcript

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0:00.0	It's Wednesday, June 16th.
0:05.1	Welcome to Marketfooler.
0:06.1	I'm Chris Hill with me today from the financial capital of the United States of America.
0:10.9	It's Maria Gallagher.
0:11.9	Good to see you.
0:12.9	Nice to see you too.
0:14.9	We've got home furnishings.
0:16.4	We've got another sale at eBay, but we're going to start today with roadblocks.
0:21.4	Shares are down 8% after the company reported a drop in daily active users and a drop in
0:28.2	spending, although I will point out that daily active users in the month of May on roadblocks
0:34.8	were 1% lower than April.
0:37.8	So yes, technically that is a drop in year over year.
0:41.3	The numbers look good.
0:42.3	There's some growth there, but I guess my first question is, do you think this is an
0:46.8	overreaction or is the valuation of roadblocks such that any dip in traffic is going to
0:54.6	ding them like this?
0:56.4	I think both are kind of true, so you have a lot of very high expectations for roadblocks.
1:02.5	I think that it's not surprising to me, and it's not something that roadblocks has shied
1:07.2	away from.
1:08.2	They have talked about consistently as the world reopens, as people get back and more
1:12.6	and more to being physically near each other, we're expecting to go down a little bit.
1:18.2	We want that to happen because we want people to be able to see each other again, but we
	...

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