By waiting until next year, it may be possible for Roblox executives to work with underwriters and investors to set a higher listing price, bringing in more cash for Roblox on its eventual IPO day. Roblox stock would be "really, really interesting," wrote Ross Gerber, an investment advisor, on Twitter, before the company delayed.
A potential boost in Roblox's listing price could help the gaming company reverse its slide away from profitability. The company logged a daily average of 31 million users in the first nine months of the year. Those users brought in about $589 million in revenue, but the company still lost $203.2 million in the same period, according to itsThe $203.2 million loss in those nine months was more than it lost in the previous two years combined, with a $97.
GrowthStockInv1 This will not age well.
ZhugeEX 😲😭😭
BITCOIN is the BEST LOOT EVER! 😀 MassMutual Insurance invests $100 million in BITCOIN! Why is this important? Because a company that was founded in 1851 decided to keep their equity safe in BITCOIN over the US DOLLAR! What big company is next?! 🔥BITCOIN🔥
techinsider Not a buy!
horrible
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