![]() Securities products offered by Open to the Public Investing are not FDIC insured. This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. Additional information about your broker can be found by clicking here. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. Product offerings and availability vary based on jurisdiction. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. You should consult your legal, tax, or financial advisors before making any financial decisions. All Rights Reserved.Īll investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Write him at, tweet him at, or subscribe to his Substack. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. ĭana Blankenhorn has been a financial and technology journalist since 1978. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Dana Blankenhorn held long positions in GOOGL. Sorry dad, but I suspect Roblox’ future is inside a bigger company. None of his top lieutenants is younger than Meta’s Mark Zuckerberg, let alone Snap’s (NASDAQ: SNAP) Evan Spiegel.Īs I’ve said before, I usually bet the jockey, not the horse. ![]() He has already made plans to distribute his fortune. Roblox founder and CEO David Baszucki, known to his fans as Builderman, is 59. The man you’re betting on here is no kid. You must prove that today’s hockey-stick growth can go to the moon. You need a compelling value proposition to get 10 times sales for anything in today’s market. This means Roblox remains a speculative stock. The cost of leadership often grows exponentially as a market evolves, and those who aren’t ready for it are quickly left behind. To maintain its hold on the audience as the kids grow up, Roblox must continue to invest and make its virtual worlds increasingly immersive. First-mover advantage isn’t worth what you may think it is. I still have my tie-dye shirts.īut technologies evolve rapidly. My kids still love video games, as they did when they were tweens. People don’t change much as they get older. Sales of $650 million are expected, up from $538 million in the first quarter. They’re worried it won’t make revenue estimates for its second quarter. They see Roblox evolving into a social network, a 2020s’ version of Facebook, with sponsored listings of games and in-game marketing opportunities.īears, like Goldman Sachs (NYSE: GS), have downgraded the stock. They insist that Roblox is the right way to play the metaverse, before the kids and their technology grow up. Roblox bulls insist that the best is yet to come. The question for investors is whether the last quarter’s problems were a blip or a trend. Roblox’ growth has slowed as the pandemic has ebbed. But, as with the metaverse, there’s a real audience for it. This journalism is under the radar because it’s produced for Alphabet’s (NASDAQ: GOOGL) YouTube. ![]() The risk is that in trying to cash-in on its popularity, Roblox has become “the man.” It’s accused of exploiting children in the developing world and of ripping off people in the developed one.
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