koro
2021-03-11
Is Roblox a thing ? Wonder how much it can grow.
Why Roblox Stock Skyrocketed Wednesday
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Wonder how much it can grow.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/321483759","repostId":1142098047,"repostType":4,"repost":{"id":"1142098047","pubTimestamp":1615456945,"share":"https://www.laohu8.com/m/news/1142098047?lang=&edition=full","pubTime":"2021-03-11 18:02","market":"us","language":"en","title":"Why Roblox Stock Skyrocketed Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1142098047","media":"Motley Fool ","summary":"The latest stock to join the public markets exploded out of the gates.\nWhat happened\nShares of Roblo","content":"<p>The latest stock to join the public markets exploded out of the gates.</p>\n<p><b>What happened</b></p>\n<p>Shares of <b>Roblox</b> soared 54% on Wednesday, marking a successful first day of trading for the popular video game developer.</p>\n<p><b>So what</b></p>\n<p>Roblox went public via a direct listing, rather than the traditional initial public offering (IPO) process. A direct listing allows a company's existing investors to sell shares directly to the public, without the need for an investment bank to underwrite the offering.</p>\n<p>\"We love the direct listing for Roblox because we're all going to come together and that first trade is going to be at the same price for everyone,\" Baszucki said during an interview with Bloomberg Television.</p>\n<p>The New York Stock Exchange set a direct listing reference price of $45 for Roblox's shares. That valued the game developer at $30 billion -- a steep increase from the $4 billion valuation investors assigned to the company in a funding round in February 2020. Still, investors apparently thought Roblox's shares were worth much more, and they bid their price up another 54% on Wednesday.</p>\n<p><b>Now what</b></p>\n<p>Roblox has enjoyed tremendous growth during the coronavirus pandemic, as parents sought out safer forms of entertainment for their children. More than 8 million developers use Roblox's tools to design 3D virtual experiences for the platform's 37 million users. The company's revenue, in turn, rocketed 82% to $923.9 million in 2020.</p>\n<p>Looking ahead, Roblox sees its revenue rising as much as 64% to $1.5 billion in 2021. However, it cautions that growth could slow as the COVID-19 crisis subsides and children have more forms of entertainment available to them once again.</p>\n<p>\"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions,\" chief financial officer Michael Guthrie said on March 2. \"As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Roblox Stock Skyrocketed Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Roblox Stock Skyrocketed Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 18:02 GMT+8 <a href=https://www.fool.com/investing/2021/03/10/why-roblox-stock-skyrocketed-today/><strong>Motley Fool </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest stock to join the public markets exploded out of the gates.\nWhat happened\nShares of Roblox soared 54% on Wednesday, marking a successful first day of trading for the popular video game ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/10/why-roblox-stock-skyrocketed-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://www.fool.com/investing/2021/03/10/why-roblox-stock-skyrocketed-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142098047","content_text":"The latest stock to join the public markets exploded out of the gates.\nWhat happened\nShares of Roblox soared 54% on Wednesday, marking a successful first day of trading for the popular video game developer.\nSo what\nRoblox went public via a direct listing, rather than the traditional initial public offering (IPO) process. A direct listing allows a company's existing investors to sell shares directly to the public, without the need for an investment bank to underwrite the offering.\n\"We love the direct listing for Roblox because we're all going to come together and that first trade is going to be at the same price for everyone,\" Baszucki said during an interview with Bloomberg Television.\nThe New York Stock Exchange set a direct listing reference price of $45 for Roblox's shares. That valued the game developer at $30 billion -- a steep increase from the $4 billion valuation investors assigned to the company in a funding round in February 2020. Still, investors apparently thought Roblox's shares were worth much more, and they bid their price up another 54% on Wednesday.\nNow what\nRoblox has enjoyed tremendous growth during the coronavirus pandemic, as parents sought out safer forms of entertainment for their children. More than 8 million developers use Roblox's tools to design 3D virtual experiences for the platform's 37 million users. The company's revenue, in turn, rocketed 82% to $923.9 million in 2020.\nLooking ahead, Roblox sees its revenue rising as much as 64% to $1.5 billion in 2021. However, it cautions that growth could slow as the COVID-19 crisis subsides and children have more forms of entertainment available to them once again.\n\"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions,\" chief financial officer Michael Guthrie said on March 2. \"As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":38,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/321483759"}
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