Roblox sheds more than $1.5 billion in market cap following outage that could have cost millions

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Last Updated: Nov. 1, 2021 astatine 4:10 p.m. ET First Published: Nov. 1, 2021 astatine 2:46 p.m. ET

At 1 constituent Monday, astir $2 cardinal successful marketplace headdress had been mislaid arsenic fashionable gaming level recovers from three-day Halloween play outage, a play successful which it would typically instrumentality successful astatine slightest $15 cardinal successful gross

Roblox Corp. was digging itself retired Monday from a three-day outage that unopen retired millions of users, arsenic investors wiped distant much than $1.5 cardinal of the videogame company’s marketplace capitalization.

Roblox RBLX shares declined arsenic overmuch arsenic 4% Monday, and closed down 3.4% astatine $81.14, aft the institution restored work to millions of users successful an outage that started past Thursday and was resolved connected Sunday. At 575 cardinal shares outstanding, Monday’s driblet wiped distant $1.66 cardinal successful marketplace cap.

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