What in the fuck is Roblox? Well one sec, let me explain, Debra. Jesus. Roblox is a gaming app directed for mostly children to help basically build a world inside their app and play other video games with friends. The revolutionary tech, helped Roblox explode with popularity and the pandemic just pushed the company higher and higher as kids and adults looked for outlets for focus and creativity while inside. Roblox just hit the market via a direct listing like Spotify and Palantir have done as well. The company was up 54% in just the day alone as investors flocked to the popular app that has taken the Apple App Store and the Google Play Store by storm.
Well goddamn, I guess I’ll add this one to the list of potential buys. Roblox has been an impressive company ever since they started seeking an IPO alongside Doordash and others. What separated Roblox from other companies IPOing this year is that, well Roblox, seems to actually know what the fuck they are doing. I mean we have covered IPO’s that were absolute dog shit, remember Nikola? Jesus Christ what a fucking wash that was. Uber, fucking Uber they literally said with a straight face that they may NEVER make a profit. I mean, come the fuck on. Oh yeah, a little company called WeWork? They literally set the precedence with 2020 by being an absolute dumpster fire. Well, Roblox seems different because they have strategy, a focus, core product, oh and a little thing called positive revenue. Yeah, yeah, yeah, Roblox might have built up a pretty wide loss from 2019 to 2020 but what they made up in gains outweighed those losses. With the help of the pandemic, Roblox has only spiked in value among customers and investors alike. This has bolstered Roblox to a 38+ billion-dollar evaluation which isn’t too bad for a company targeting children as their main users. Roblox has a dynamic business model with a push forward, and a path to for the future. Frankly they are the most promising company I have seen go public since fucking Snowflake or DataDog.
Roblox is winning over customers and gaining more attention from investors. The pursuit to go public has also helped the company as they have only received positive sentiments from the market and retail group of investors. Roblox continues to pursue a strategy that builds the company to exciting new areas for development.
Of course, hurdles are unavoidable as kids are getting back into school and usage of the app will surely go down. Roblox has addressed the issue and plans to build out features for more of their adult audience like virtual concerts and workshops. Basically, Roblox ain’t done-fucking-yet and continues to build upon the core product they created.
Roblox has…… for once, in like 10 IPO’s we’ve covered, a chance at a bright future. Pandemic be damned, it feels like this company can really make it.
Anyway, that’s my take on it. Until next time. -GS
Comments