Since Roblox’s highly anticipated IPO in early March, RBLX stock is up roughly 80%. Unique Growth Model Driving RBLX Stock Higher Here’s more on the announcement, and what investors may want to know about Roblox right now. Hasbro was also up approximately 2% on the news today. However, seeing Roblox monetize its offering in unique ways appears to be behind the bullish surge in its stock price today. These toys take me back to my childhood, and are nostalgic for many investors. Additionally, Hasbro shared that it has been working on a Roblox-inspired Monopoly game. With the purchase of a Roblox-inspired Nerf blaster, customers will also obtain a code entitling customers to a virtual blaster for their Roblox avatars. Roblox will trade under RBLX, with its direct listing due to offer shares in the company to the public from March 10, or thereabouts.Today, Roblox is moving on an announcement made by Hasbro (NASDAQ: HAS) that Nerf blasters inspired by the Roblox video game are coming soon. Roblox was one company that benefited from 2020's lockdowns and social distancing measures, with social events held on its platform including concerts from Billie Eilish, Lizzo, and even the debut of a Lil Nas X single to 30 million viewers. It reported $924 million in revenue representing a year-on-year growth of 82%, as well as 32.6 million daily active users for a year-on-year growth of 85%. In the latest statement of its finances presented prior to going public, Roblox has shown massive growth through 2020. It's popular with younger gamers and regularly posts impressive earnings statistics, such as lifetime revenue of over $2 billion on mobile platforms alone. Roblox functions more as a platform than a game, with third-party devs able to create and release their own experiences onto the platform. Now Playing: What The Heck Is Going On With GameStop By clicking 'enter', you agree to GameSpot's
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