RBLX is trading at $68.53 (-4.02%) as hotter-than-expected PPI inflation data delays expectations for Fed rate cuts, weighing on high-growth tech stocks.
- The decline reverses yesterday's 4.89% gain, with the NASDAQ falling 1.22% as investors recalibrate interest rate expectations.
- Shares remain under pressure following a recent UBS price target cut to $74 and an ongoing regulatory probe in the Netherlands regarding child safety.