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%
Anyone knows what's wrong with $ContextLogic Inc.(WISH)$? It's been underperforming for the past few weeks. IPO price was $24, its almost a third of what it was back then.Consumer sentiment on Wish isn't too great, but people still shop from there. If that's what's driving the stock lower, I'd say we're too pessimistic.