$RBLX -26.9% today — what's driving it?

Earnings weren't great, and the stock was already inflated. This isn't surprising. I'm staying out until it finds some support.

This drop isn't surprising given their recent earnings and user growth concerns. I'm staying clear for now; the valuation was still stretched.

It looks like the Q1 earnings miss and reduced FY24 outlook are the primary drivers. Management cited a slowdown in bookings. I'm not positioned, but it's certainly on the watchlist for a potential bottom.