![]() ![]() What could this funding add to the already booming online presence Roblox holds in the gaming industry? With plans to take itself public, you have to wonder what Roblox has planned. ![]() This figure has increased every year, with revenues having doubled since 2018. Roblox has made over $600 million in 2020, having enjoyed large revenue growth due to the pandemic. Roblox is available in eight languages and has made efforts to expand even more, targeting different countries as the years go on. In any given month, Roblox sees as many as 150 million active users, and has seen this number increase each year. The popular online game has drawn comparisons to Minecraft and other “blocky” games, yet has grown to separate itself from the label and see widespread success. E-commerce, social media and ridesharing technologies have become staples of the economy, but where does Roblox fit into this?įor the uninformed, Roblox has operated since 2006 as an online gaming platform where millions can join together to participate in a variety of minigames. Some examples of the most famous IPOs include companies you may recognize, such as Alibaba, Facebook and Uber. These options provide a company the opportunity to raise funding, and allow investors a chance to profit off a company’s future successes. ![]() When a company plans to go public, meaning it files to publicly trade on the stock market, it can either apply for a direct listing or an IPO – known as an initial public offering. ![]()
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