![]() ![]() I last covered the stock in September when I called the stock grossly overvalued and explained the outlandish assumptions required to justify the stock price. The stock peaked at above $140 per share and recently closed around $35 per share. ![]() RBLX went public in early 2021 via direct listing and closed its first day of trading at $69.50 per share. In analyzing the valuation, I explain why in spite of the sizable drop in the stock price, I am still not a buyer here. ![]() While some of that decline could be explained from the general volatility seen in the tech sector, the decline could also be explained by certain key metrics. That hype has faded and so has the stock price, as the stock is now down significantly from all time highs. Roblox ( NYSE: RBLX) was once a heavily hyped stock on the basis of its exposure to the metaverse. Some people even figure out that it’s a joke, but continue sarcastically perpetuating such misinformation for the “lulz”, but sadly, some people still believe it because, for example, the photoshopped (or otherwise doctored) image of an “official” tweet from a Roblox Twitter account is done decently, and most people won’t check the actual Twitter account to validate this claim.Steve Jennings/Getty Images Entertainment This can happen on Twitter, Instagram, Discord, TikTok, YouTube, or any other popular site where such troll shenanigans can be released to the general public. It seems that someone (or a group of people) start to make such allegations on various social media through text posts, images, and videos. These online rumors keep sprouting from time to time, and it is highly difficult to even establish where these rumors originate from. Will Roblox Shut Down on January 1, 2023? Prima Games has dived deep into this virtual town square rabble and we are providing you with a short digest of what this is all about. It’s that time of the year month week it seems, with another doomsday prediction for Roblox being out in the public, from an unknown source, unknown origin, and unknown intention. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |