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Will Roblox Be a Trillion-Dollar Stock by 2030?

TheMotleyFool

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Will Roblox Be a Trillion-Dollar Stock by 2030?

Roblox (NYSE: RBLX) made a red-hot debut on the stock market in March 2021 via a direct listing. Investors piled into shares of the online video game platform operator, with its market capitalization hitting nearly $40 billion on the day of its initial public offering.

Roblox stock has been on a wild roller-coaster ride since then. The company hit a market cap of nearly $80 billion in November 2021 following an outstanding set of results and investors' excitement about Roblox's metaverse prospects. But it has all been downhill for the company since then, as Roblox's market cap has dropped below $30 billion as of this writing.