CNN — (CNN) — 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. Average daily ...

Advertising is Roblox’s biggest profitability lever. Older users already make up most of Roblox’s daily active users, and retaining them as they spend more could dramatically improve monetization.

Roblox has become the subject of a short-selling report from Hindenburg Research. However, safety costs and high stock-based compensation are bigger issues for the company. Similar to the Bear Cave ...