What is Roblox? The Story of Roblox

Bull Academy
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In this video, Danielle walks us through the history of Roblox and the massive metaverse it’s been building long before companies like Facebook entered the scene. Roblox is an online gaming platform that has grown to hundreds of millions of monthly active users in nearly every country in the world. While the platform initially catered only to children, they have expanded their appeal to adults. Still, about 67% of active users of Roblox are under the age of 16 with only 14% being over the age of 25 as of 2020. With the company now a public company, we thought you might want to know its history and where $RBLX might be headed so you can determine whether it’s a good fit for your long-term growth investment portfolio. In 2004, Roblox was created by David Baszucki and Erik Cassel after they met at the University of California, San Diego. Like many other tech startups, the two guys founded the company that would later become Roblox in a small apartment. It began as a website that featured games from various creators, a hub that users could go onto to play games from various developers. What is the Metaverse? With Facebook recently changing its name to Meta and saying the future of their business model is the metaverse, it’s become a buzzword that people are throwing around these days. The roots of the metaverse reach back to 1978 when MUDs first came out. A metaverse is a multiplayer virtual reality universe that simulates a universe. It’s a virtual shared space where users spend time together. What is Roblox? Roblox is a portmanteau of “robots” and “blocks.” Some mistakenly compare Roblox to Minecraft, but Roblox was around long before the first lines of code for Minecraft were written. It’s completely different. Roblox isn’t so much a game but a metaverse where people can socially interact, trade digital currencies, and even build games for one another. Users can purchase and trade the Roblox-specific currency, Robux, to complete the tasks they need or acquire the goods and services they want. Do Roblox Creators Make Money? According to Forbes, $325 million was paid out to Roblox creators in 2020, with more than 300 players earning over $100,000. Is Roblox Profitable? Even with impressive gross profits, Roblox still hasn’t turned a net profit. Gross profits rose from $147M, in Q2 of 2020, to a towering $1.236B in Q3 of 2021, a ~173% increase from Q3 of 2020. Yet, their net income was -$407M for Q3 of 2021. So should you invest in Roblox? Watch and decide for yourself. 🤑 Get started investing with a free stock from Robinhood: http://join.robinhood.com/lincold1 ⏳ Timestamps 0:00 Intro 1:17 The Founding of Roblox 1:47 What is the Metaverse? 2:16 The Start of the Metaverse 4:09 Facebok $META Enters the Metaverse 5:11 The History of Roblox 5:58 Roblox’s Metaverse Explained 6:59 The Neighborhood of Robloxia 7:17 Roblox Launches on Game Consoles & App Store 7:28 Roblox Studio 8:06 Roblox’s Business Model is Working 9:16 Roblox Continues Rapid User Growth after Pandemic 9:52 How Roblox Makes Money 10:28 How Roblox Pays Creators 11:19 Roblox’s Market Valuation 11:35 Roblox Remains Unprofitable 12:05 Roblox’s IPO – Becoming a Publicly Traded Company as $RBLX 12:34 Roblox’s Expansion Plans 14:11 Criticisms & Controversies of Roblox 15:53 Roblox’s Investment Risk – Conclusion 🧠 Here are more videos on the related knowledge: – My $255,000 Growth Stock Portfolio: https://youtu.be/_xQaCmtOok0 – What are stocks? https://youtu.be/XkpBJ9OTfiE – Robinhood Crash Course – Start Investing With $1: https://youtu.be/mNb_WK6FdnQ – How Does Robinhood Make Money? https://www.youtube.com/watch?v=MDdm39t3PJo – How to Protect Your Robinhood Account: https://www.youtube.com/watch?v=x15NSWPHPdM – Yes, Stocks Go Down: https://www.youtube.com/watch?v=zAg_9hhjrDo – What are warrants? https://youtu.be/GDZnMxiIWRA – What are Special Purpose Acquisition Companies (SPAC)? https://youtu.be/QnFwygMDbOE – Why are SPACs big deals for retail investors? https://youtu.be/gkmk6fmeAgs – What are the dangers of SPAC warrants? https://youtu.be/L1Edod5AmGk – Why I’m Investing $29,000 in $SBE Chargepoint: https://youtu.be/YrWR019uAZg ️ Join our Private Patreon Community: If you would like to support the channel, get priority answers from me, and help me grow Bull Academy, you can become a patron at http://Patreon.BullAcademy.org Sources: – https://www.roblox.comhttps://ir.roblox.com/financials/quarterly-results/default.aspx Article of this video: https://medium.com/p/cb70ec5958b6 —————————————————– 🤑 Get started investing with a free stock from Robinhood: http://join.robinhood.com/lincold1 Thanks for watching http://BullAcademy.org with Lincoln W Daniel —————————————————- DISCLAIMER: This and all of my videos are for entertainment purposes only. My statements are my opinions and should not be accepted as financial advice.


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