Sunday, April 11, 2021

Is Roblox shutting down? Vs. Robox will be listed NYSE

Is Roblox shutting down? Vs. Robox will be listed NYSE

Summary

  • In August 2020, Roblox had more than 164 million active monthly users.
  • Gradually, Roblox is spreading throughout the world.
  • In November 2020, Roblox announced that it would become a public company.
  • The game has received positive reviews.
  • In January 2021, Roblox’s investment amounted to $520 million. 

Roblox

Roblox was developed by Eric Cassel and David Baszucki in 2004 and launched in 2006.

Roblox offers alerts, promos, and is currently fully active. Even Roblox’s official Twitter handle said, “Let’s get things straight: Roblox isn’t ‘shutting down. The same hoax (with a few information changed) is used every year or two. Remember: don’t believe everything you’ve read on the Internet.”

Roblox shutting down 2020 fake

Back in 2019, the rumors of Roblox shutting down began. As a result, a group of 7000 members called ‘Stop Roblox from Shutting Down’ were formed by fans. Breaking the speculation that the game is still alive in 2021. However, the same rumors circulated a few months ago. ‘Roblox Shutting Down in February’ was the catchword this time. Some also added an unrealistic date, i.e. the 30th of February, to that. 

Is Roblox getting shut down in 2021?

Panic spreads as players wonder when Roblox will be removed. Lots of games will eventually go offline, but if Roblox dies in 2021, it’s going to be incredibly sudden. So, is Roblox Company out of business? Is the game really going to die on Mar 31? Fans need answers, and they need them quickly. 

Roblox will not be shut down on March 31, 2021. Rumors about the deletion of Roblox are not accurate—the game will remain online throughout the year and beyond.  

Roblox raised $520 million

Earlier January 2021, Roblox raised $520 million in the Altimeter Capital and Dragoneer Investment Group funding round. The Investment Company of Santa Barbara, California, and the Warner Music Group, along with a variety of existing investors, have participated in the new funding round. This funding round placed Roblox’s value at $29.5 billion, up from just $4 billion nearly a year earlier.

The global pandemic has accelerated the rise of video games.  Is Roblox shutting down? Vs. Robox will be listed NYSE

These rumors are helping Roblox Stock success?

Although Roblox is still extremely common among players, there is also a financial situation to remember. Roblox stock ($RBLX) will soon be eligible for purchase following its direct listing.

Roblox is expected to become more profitable than ever since being launched on the New York Stock Exchange and to ensure its long-term survival.  Online gaming and entertainment platform Roblox is on the public list following issues posed by the U.S. Security and Exchange Commission (SEC), Reuters reported on Friday (Jan. 29), citing an employee memo.

The SEC is investigating how the startup in the San Francisco area allocates sales.  Roblox was preparing to list shares on the New York Stock Exchange in the fourth quarter of 2020 but in the SEC filing on 8 January, the company revised its plans to a direct listing in last February.

Meanwhile Roblox Corporation, preparing to be listed on the New York Stock Exchange (NYSE) this month.  Is Roblox shutting down?

The Covid-19 has accelerated the growth of the company, which provides developers with tools to build online games aimed primarily at children. Gaming has been one of the world’s leading means of entertainment during the pandemic. Roblox (RBLX) leads Corsair Gaming (CRSR), Unity Software (U) and Playtika Holding (PLTK) in capitalizing on the trend of collecting funds from the stock market listing.

The company has scrapped plans for a conventional initial public offering and now aims to go public through a direct public listing (DPO). Roblox DPO is the fifth largest company to be listed after Palantir Technologies (PLTR), Asana (ASAN), Slack Technologies (WORK) and Spotify Technology (SPOT).

Roblox Users

Roblox registered 32.6 million active daily users (DAUs) in 2020, an increase of 85 per cent from 17.6 million in 2019. In 2019, DAUs increased by 47% from 12 million in 2018. The number of hours spent on the Roblox Platform rose from 9.4 billion to 13.7 billion in 2020 by 124 per cent to 30.6 billion, compared to 45 per cent in 2019. 

The number of daily paying users increased from 125,000 in 2018 to 184,000 in 2019 to 490,000 in 2020. 

 

Is Roblox shutting down? Vs. Robox will be listed NYSE