🟢 RBLX is trading 4.2% up today after authorizing a first-ever $3B share buyback

RBLX is trading about 4.2% up in after-hours at $46.29 after the company authorized its first-ever $3 billion share repurchase program.

• The buyback is intended to offset dilution from equity grants while maintaining balance sheet flexibility.
• The stock is rebounding from a 5.41% drop during the regular session, where it closed at $44.44.
• Shares are moving against a weaker broader market, suggesting the buyback is the main after-hours catalyst.