Skip to content

Roblox (RBLX) Stock Falls Following Guilded Acquisition

Sam Boughedda trader
Updated 16 Aug 2021

Practice Stock Trading Your Capital Is At Risk
Roblox (NYSE: RBLX)

Roblox (NYSE: RBLX) shares have fallen along with most of the market on Monday after the company announced the acquisition of Guilded Inc.

There were no financial details provided. However, Guilded is described as a privately held company “focused on building a platform to connect gaming communities.”

The company launched in 2017 and has since built a platform to connect gaming communities, including tools and features such as tiered voice chat, video chat, integrated calendars, scheduling tools, and more.

“The Guilded team has a clear passion for empowering communities,” said David Baszucki, CEO of Roblox.

“They have a great team and technology, and we’re very excited to help them continue on their path,” he added.

Guilded will continue to operate as an independent product group following the acquisition.

FinViz Map

Roblox's share price has fallen over 4% to $80.49 following the announcement. However, most major US stocks are down so far on Monday.

Should You Invest in Roblox Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.