RBLX is trading at $65.75 (-13.17%) following the launch of Google's Project Genie AI tool, which sparked competition fears for its user-generated gaming platform.
- The stock faced added pressure from an EU probe into minors' safety by Dutch regulators and recent Piper Sandler/Wedbush price target cuts.
- The decline aligns with broader tech weakness, mirroring the NASDAQ's -1.01% move.
- Upcoming Q4 earnings are scheduled for February 5.