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Shares of Roblox Corp. were falling 12% in premarket trading Wednesday after the gaming company saw losses swell in the first quarter.
The company reported a net loss of $268.3 million, or 44 cents a share, compared with a loss of $160.2 million, or 27 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a 35-cent loss per share.
Revenue…
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