Intel and Reddit Sink; Roblox Engagement Lower
· 4:17
Episode Intel and Reddit Sink; Roblox Engagement Lower
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Intel (INTC) is in the red this morning after revenue forecast missed analysts' estimates, hurt by demand for PC processors and supply-chain problems with data center components.
- Reddit (RDDT) shares are sinking on plans to limit access to its online forums to get users to register for accounts and deepen engagement. Reddit executives are willing to sacrifice some of the platform's reach to engage a smaller but more engaged audience with insights that will be valuable to advertisers.
- Roblox (RBLX) shares are sliding after reported a year-over-year decline in player engagement after deploying more robust child-safety measures.
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Transcript
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