Roblox is free to download on phones, tablets and consoles. His stake in the company is now worth more than $4 billion. “Roblox is an amazing community where people are creating together,” said Roblox CEO and co-founder David Baszucki in an interview with CNN Business Wednesday. Roblox describes itself as a “metaverse” where players can make their own avatars and environments to play in, such as virtual theme parks or scuba diving. Shares of the popular video game platform debuted on Wall Street and surged nearly 55% to $69.50, valuing the company at more than $45 billion. Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Pick up my sci-fi novels the Herokiller series, and The Earthborn Trilogy, which is also on audiobook. ![]() Roblox is only just getting started after 15 years, and it will remain a key part of the gaming landscape indefinitely, that much is clear.įollow me on Twitter, YouTube, Facebook and Instagram. I don’t know what Roblox’s stock will do going forward, but the future of the industry is going to be built on the backs of games like this, and it’s why Microsoft buying Minecraft several years ago for $2.5 billion looks like a steal. ![]() Is a $40 billion market cap overvaluing Roblox? Should a company with a single free to play game be worth twice what the maker of GTA 5 is worth, the best-selling AAA game of all time by several orders of magnitude? That’s something for the stock market to sort out, but there’s no question that Roblox has put the time in to warrant this kind of success, and it has quietly been amassing a truly astonishing amount of players including being the main gaming experience for hundreds of millions of children worldwide.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |