First released in 2006, Roblox now has 64,000,000 users playing each month on its free to play platform.

Recently announced by Mark Zuckerberg, Facebook became Meta which is where the company plans to head into their own Metaverse which will allow it’s users to create their own virtual reality where everything is for sale and can be bought. It’s just a new world accessed by Oculus where you can be, do and say whatever you want. This has a knock on effect into the 3D, VR and gaming worlds where those who were already doing similar spiked in demand and of course stock price.

Image courtesy of Finance.Yahoo.com

Roblox was the obvious game to hit highs first. They are already doing a version of this and have the technology and user base behind them. The potential here is endless and once they issue statements of their future plans we could even see this stock double or even triple over the coming years.

At the time of the Meta announcement, Roblox stock was trading at around $80 with very little activity. As of November 18th, 2021 the stock just hit $124 which is an over 50% increase in just 10 days. With a market cap of still just $71.72B, the growth here is gigantic and isn’t going to slow any time soon.