Roblox Corp. engages in the provision of online gaming services. Its platform offers Roblox Client, the Roblox Studio, and the Roblox Cloud. The company was founded by Erik Cassel, Greg Baszucki, and David B. Baszucki in March 2004 and is headquartered in San Mateo, CA
They bring in amazing revenues. When ever my kids want a present, its not some toy, its Robux they want!
In my day presents came from Sears Robux. They even had a 2-inch-thick catalog of presents mailed right to your house.
Queen Cathie bought some on IPO day. 519k shares. Pretty boring sideways action after the first 20 minutes it was on the market.
RBLX: A whole new world I’m assuming you’re familiar with Roblox if you have kids in your house. As a gamer, you will not want to miss this stock. ---Promise or Non-sense?--- They’re reliving Facebook’s story Remember how Facebook became a money printer and sat on the throne? I’m telling ya, Roblox is walking on the same path to bring people together. If RBLX does pull this off, it will have the same potential to be as big as Facebook. - Metaverse of ROBLOX Roblox is trying to create a metaverse platform to attract every young person in the world to join the party. Like Ready Player One, over half of the kids in the USA are already playing: create your own game & world, and meet people from all over the world online. When you can rule your future with your hands, nothing is impossible. - Numbers don’t look good There’s a bit disappointing regarding the financial aspect: User growth is slowing down, and bookings fall short of expectations. Key metrics like DAU(Daily Average User)and ABPDAU (Average Booking per Daily Active User) show substantial slow down over 2020. - My thoughts Though I really like this metaverse thing’s direction, RBLX is also having growth deceleration on their pandemic tailwind as schools and companies reopen. It totally depends on if you believe whether RBLX is using their money on expansion efficiently and pulls off what FB did. What do guys think? Will Roblox become the second world we live in after work? Anyways, always keep your investments polished!
From $140 to $45, I think the air has come out this balloon. Now to see where the true value will end up being.
I got in a few days ago; added more on today's morning bloodbath. My basis is $46.56 (+6% right now). My upside target is a gap fill into the 60s - 70.
I think it goes way over that in the longer term, but lets see what it takes to get out of this hole.