Roblox shares have dropped by 20% as the platform’s daily active users fell short of projections, despite record revenues.

Roblox stock plunged as much as 20% on Thursday after it reported mixed fourth-quarter earnings. The company reported a decline in daily active users, which sparked growth fears among investors.

HENDERSON, Ky. (WEHT) — Kentucky Attorney General Russell Coleman announced a lawsuit against Roblox—a popular gaming and social media platform with more than 380 million monthly users—for allegedly ...