Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

This is not the first time that rumors of Roblox shutting down have surfaced all over social media. In the past, news about Roblox being shut down has spread and repeatedly, those were denied.

Roblox Corp (RBLX) stock price fell after reporting Q4 2024 results. Despite revenue growth and adjusted EPS beat, bookings missed estimates.