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Roblox stock price per share2/29/2024 ![]() ![]() The stock peaked at above $140 per share and recently closed around $35 per share. RBLX went public in early 2021 via direct listing and closed its first day of trading at $69.50 per share. In analyzing the valuation, I explain why in spite of the sizable drop in the stock price, I am still not a buyer here. While some of that decline could be explained from the general volatility seen in the tech sector, the decline could also be explained by certain key metrics. That hype has faded and so has the stock price, as the stock is now down significantly from all time highs. Roblox ( NYSE: RBLX) was once a heavily hyped stock on the basis of its exposure to the metaverse. Users can purchase Robux, as one-time purchases or through monthly subscriptions through mobile payments, credit cards, or prepaid cards.Steve Jennings/Getty Images Entertainment Any user can be a developer or creator on the Company’s platform using Roblox’s studio of software tools. Users are then free to immerse themselves in experiences on Roblox and can acquire experience-specific enhancements or avatar items in the Company’s avatar marketplace using the virtual currency (Robux). Upon signing up for Roblox, a user personalizes their Roblox identity, or avatar. ![]() Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media and even toys. The Company operates the Roblox Platform as live services that allow users to play and socialize with others for free. The Company operates a human co-experience platform or Roblox Platform, where users interact with each other to explore and develop, user-generated and 3D experiences. Roblox Corporation is a technology company. ![]() Communication Services : Entertainment | Mid Cap Growth Company profile ![]()
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