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The market is turning sour on Roblox (NYSE: RBLX) stock. A darling of the pandemic, Roblox shares are down 47% year to date in 2022. Indeed, the company faces headwinds as economies reopen, but ...
Despite the latest surge of negative momentum, Roblox remains one of the most enticing long-term metaverse plays. Indeed, the metaverse hype has faded in a major way over the past year.
Indeed, Roblox’s platform is one that has seen a massive surge of interest during the pandemic. According to the company’s IPO prospectus, more than 37 million users frequent Roblox right now.
Indeed, Roblox has built a compelling and fast-growing ecosystem. The number of users is likely to continue growing, which should lead to significant revenue growth for the foreseeable future.
Investors will have to weigh the benefits of massive user growth against ongoing losses and a rising valuation.
Indeed, Metas Crayta platform seems to resemble Roblox. The only thing Crayta lacks is the massive network that may be more locked in than Robloxs metaverse rivals think.
And, indeed, Roblox's reported revenue changed in February. The company reported $613.9 million in revenue and a net loss of $194.5 million for the first three quarters of 2020.
The market is turning sour on Roblox (RBLX 1.39%) stock. A darling of the pandemic, Roblox shares are down 47% year to date in 2022. Indeed, the company faces headwinds as economies reopen, but ...