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Roblox Shares Crash As Engagement Headwinds Blindside Wall Street
Roblox Shares Crash As Engagement Headwinds Blindside Wall Street
Online gaming platform Roblox crashed the most in four years in premarket trading to the tune of 24%, after the company reported weaker-than-expected first-quarter user metrics and slashed its full-year bookings outlook.
One of the major problems plaguing Roblox has been that new child-safety features, including age-verification requirements and limits on platform communication, have slowed user growth.
Daily active users came in at 132 million, missing the Bloomberg Consensus estimate of 143.8 million, while hours engaged also missed estimates.
Here's a snapshot of first-quarter...
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Mar 16, 2026 / Tyler Durden
US Industrial Production Rises For 4th Straight Month In February
US Industrial Production Rises For 4th Straight Month In February
After a strong gain in January, US Industrial Production continued to expand in February, rising 0.2% MoM (better than expected +0.1%) - the fourth straight month of gains with Production up 1.44% YoY...
Source: Bloomberg
Manufacturing output also beat expectations, rising 0.2% MoM in February.
Durable manufacturing output edged up 0.1 percent, with mixed results across categories; the index for motor vehicles and parts posted the largest gain, and the index for machinery posted the largest loss.
Nondurable manufacturing output rose 0.2 percent, with...
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Mar 6, 2026 / Tyler Durden
Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower
Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower
AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts.
However, the collapse of the Oracle-OpenAI plans has opened the door for Meta, which is now in talks to lease the...
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Apr 27, 2026 / Tyler Durden
"The Dynamic Has Shifted": Global Automakers Now Bet Heavily On China For Global Expansion Strategies
"The Dynamic Has Shifted": Global Automakers Now Bet Heavily On China For Global Expansion Strategies
Foreign automakers are rushing to debut China-developed models at a major auto show, recognizing they can’t afford to lose ground in the world’s largest car market, according to Nikkei.
After years of declining sales, many legacy brands are shifting to an “in China, for global” strategy—using local innovation not just to regain domestic customers, but to compete abroad.
Companies like Volkswagen and Nissan are leaning heavily on Chinese partnerships to accelerate development and integrate advanced tech.
Volkswagen, for...
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