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Why is Roblox Corporation (RBLX) Stock down?

We've noticed a 7.75% decline in Roblox Corporation (RBLX) stock during the 2024-03-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Aug, 2023:

Roblox's shares (RBLX) dropped 21.94% after reporting Q2 earnings below expectations. Revenue grew 15% YoY to $680.8 million, but bookings, a key metric, reached $780.7 million, slightly missing the estimated $784.9 million.

https://www.fool.com/investing/2023/08/09/why-roblox-stock-was-down-wednesday/

17 Apr, 2023:

On Monday, Roblox Corporation's (RBLX) shares tumbled by 12.01% following the release of its latest monthly metrics. The company announced that it would no longer provide monthly updates, opting instead to publish quarterly reports. Given the stock's decline at 9:50 a.m. ET, shareholders may welcome this change as it could spare them from reacting to volatile monthly market movements.

https://www.fool.com/investing/2023/04/17/heres-why-roblox-stock-crashed-today/

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