Why Is Everyone Talking About Roblox?
The investment community is abuzz with chatter about Roblox (NYSE: RBLX) stock. The metaverse pioneer's stock has been on a face-ripping rally in the last month. Indeed, the stock is up more than 27%.
That's a surprising surge considering the company faces strong headwinds amid the economic reopening. Roblox thrived when people were spending more time at home. With more outdoor entertainment options, folks are not looking to Roblox as often.
Interestingly, Roblox had 19.1 million daily active users (DAU) in the fourth quarter of 2019, before the outbreak. Roblox proceeded to capture millions of new customers as COVID-19 started spreading worldwide. At its peak, Roblox boasted 54.1 million DAUs. In recent months, that figure has fallen to 50.4 million.
Source Fool.com
