150 million users later, Roblox competitor Rec Room is shutting down [Verge, The]
Roblox Corporation Class A (RBLX)
Company Research
Source: Verge, The
Rec Room, a Roblox-like social gaming platform that lets users create games and experiences for others to play, is shutting down on June 1st. Despite reaching more than 150 million players and creators and, at one point, being valued at $3.5 billion , the company says in a blog post that “we never quite figured out how to make Rec Room a sustainably profitable business” and that “our costs always ended up overwhelming the revenue we brought in.” The company also notes that “with the recent shift in the VR market, along with broader headwinds in gaming, the path to profitability has gotten tough enough that we've made the difficult decision to shut things down.” Rec Room laid off half of its staff in August , and a few days after the cuts were announced, Rec Room CEO and co-founder Nick Fajt said that that doing the layoffs when it did “gave us the ability to take care of people, while still setting up Rec Room for years, not months of funding.” Rec Room isn't the only social
Show less
Read more
Impact Snapshot
Event Time:
RBLX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RBLX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RBLX alerts
High impacting Roblox Corporation Class A news events
Weekly update
A roundup of the hottest topics
RBLX
News
- Roblox (RBLX) had its price target lowered by Citigroup Inc. from $105.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Roblox (RBLX) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=RBLX&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "sell" to "hold".MarketBeat
- Jim Cramer on Roblox: “Don't Own It” [Yahoo! Finance]Yahoo! Finance
- Spanberger takes fire from all sides as Youngkin, Angel parent slams recent controversies [FOX News]FOX News
- In the wake of US social media verdicts, a look at what limits other countries have imposed for kids 1 / 3 [Yahoo! Finance Canada]Yahoo! Finance Canada
RBLX
Earnings
- 2/5/26 - Beat
RBLX
Sec Filings
- 3/27/26 - Form 3
- 3/27/26 - Form SCHEDULE
- 3/23/26 - Form 4
- RBLX's page on the SEC website