Roblox

Hi Friends,

I added a new holding to the stock portfolio - Roblox Corp, ticker RBLX:

I confess that I do not know much about this game, but I hear it is popular. They are also going to be a big player in the metaverse, so that was my primary reason for buying. The stock has dropped a lot from its highs, but still feels a bit expensive at a market cap of $50 billion+, but growth companies can often have valuations that are not necessarily justified, and it looks like they do have quite a bit of revenue, so maybe the valuation isn’t as far off as it seems.

Have you played this game or do you own this stock?

Thanks for coming by,
Brian