I'm torn. On one hand roblox is huge with a gigantic playerbase. On the other hand, the entire player base is basically under 9.
I was reading they are actually growing in the late teenage demo.
They have a lot of cash flow. More than the balance sheet suggests at first. They don't count sales of Robux as revenue until it is actually spent on something in game. That is a lot of bookings not shown as earnings.
Decided to go in, not for a big % of the portfolio but seems to be a meme stock in the making, so might hold through the next round of stimulus checks.
I put an order for 10 shares at 50 dollar limit. I'll watch where it goes. Not a big investment. Hopefully it spikes and I can sell it, then rebuy more on the eventually dip.
Did you end up getting an order filled?
It blew right past my bid. I decided not to buy, I like the company, but not at this valuation.
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