12/5/2023 0 Comments Is roblox stock worth buying![]() ![]() ![]() Its two-sided network enables effective communication amongst users, content creators and brands thereby letting the company efficiently operate one of the world's most successful metaverses. Roblox enjoys a first-mover advantage in the multi-billion metaverse industry, allowing it to gradually capture a greater market share. The global metaverse market was valued at $107 billion in 2020 and might surpass $750 billion by 2026, indicating a compound annual growth rate of 37.1%. Metaverse is touted as the future and many gaming, as well as big tech companies, are trying to bloom on this platform. Roblox stock is down 50% in 2022 and 62% below all-time highs. ![]() However, since the end of last year due to reasons like inflation, rising interest rates, and others, the stock has been experiencing a steep fall in its valuation and has lost more than half of its market cap since its IPO. The stock rose to fame during the pandemic and is still considered hot because of its play on the emerging metaverse. Roblox Corporation (NYSE: RBLX) is an America-based video game developing company that serves customers across the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. ![]()
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