- Video gaming platform Roblox Corp RBLX pulled its Chinese app from the mainland app store, Reuters reports.
- Roblox cited it as part of "a number of important transitory actions" as it builds its next version.
- In July, Roblox launched the LuoBuLesi app with Tencent Holdings Ltd TCEHY affiliate. Roblox shut down on the app on December 8.
- The app now shows users a message thanking them for using the test version when they log on.
- Roblox's platform is known for its virtual world technology, now popularly known as the "metaverse."
- The LuoBuLeSi platform is separate from Roblox's global version and allows users to create and play games and join virtual 'events.'
- Price Action: RBLX shares traded higher by 0.93% at $90.03 in the premarket session on the last check Friday.
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RBLXRoblox Corp
$125.300.43%
Edge Rankings
Momentum
97.00
Growth
29.64
Quality
N/A
Value
1.89
Price Trend
Short
Medium
Long
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