Yes, the results are out. Yesterday after market close, $Roblox Corporation(RBLX)$reported an estimated month-on-month decline in bookings. Even as Roblox said that May metrics are usually lower than the preceding month, the stock slid around 7% after market close and is now down around 8% in pre-market.But they also reported a 28% YoY increase in daily active users. And this is the metric we should be focusing on - a 28% YoY increase in daily active users from 2020, a year where most of the world was in lockdown, schools were shut and children spent hours on end gaming as they had more free time. Even as schools in some parts of the world have reopened and covid restrictions loosened, the number of active users this May is almost 30%
High inflation probably isn't transitory, unfortunately.
S&P ekes out gains to close languid week
NEW YORK, June 11 - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th