What Reopening? Roblox Gains Momentum Acquiring Players in Q3
Roblox (NYSE: RBLX) operates a platform where users can interact with each other and the environment virtually. In other words, a metaverse. At the pandemic's onset, when most of the world was hunkering down at home to avoid a deadly virus, Roblox experienced a surge of new signups.
That was not surprising. The company's product can be enjoyed in the safety of your home, and since a large part of its user base are children, it also benefited from schools shifting to remote learning. What is catching investors off guard is Roblox's continued momentum even as economies are reopening.
Image source: Getty Images.
Source Fool.com
