It's been a tough year for Roblox (NYSE: RBLX) shareholders. This is one of those cases, however, where a young company and its even-younger stock don't necessarily have to suffer a post-public-offering obliteration. If you're not familiar with it, Roblox is an online video-gaming platform, allowing players to enter a virtual world where they compete with or against other gamers.
Roblox (RBLX) closed at $27.83 in the latest trading session, marking a +1.61% move from the prior day.
China is a part of Roblox's growth strategy, and the company's CEO explained why that's complicated.