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Roblox authorizes $3B share buyback program amid 45% YTD decline

Roblox authorizes its first share buyback program, targeting up to $3B in stock repurchases including $1B over the next year, as shares are down roughly 45% year-to-date.

May 19 · · primary fetch1 sourceupdated May 19 ·

Cecilia D'Anastasio / Bloomberg: Roblox authorizes its first share buyback program, aiming to repurchase up to $3B of its stock, including $1B over the next year; RBLX is down ~45% YTD — Roblox Corp.

authorized its first-ever share buyback program with the goal of repurchasing up to $3 billion of its stock.

read full article on techmeme.com
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  1. techmeme.comRoblox authorizes its first share buyback program, aiming to repurchase up to $3B of its stock, including $1B over the next year; RBLX is down ~45% YTD (Cecilia D'Anastasio/Bloomberg)primary