Roblox Corp

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

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Rafael Henrique | Lightrocket | Getty Images Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. Roblox shares fell more than 20% in early trading Thursday. The lowered forecast marks the latest … Read more

Reddit files to list IPO on NYSE under the ticker RDDT

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Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Its market debut, expected in March, will be the first major tech initial public offering of the year. It’s … Read more