Could Roblox Help You Become a Millionaire?
Roblox (NYSE: RBLX) was once a hot stock. The gaming platform developer went public via a direct listing on March 10, 2021. Its stock started trading at $64.50 and eventually more than doubled to a record high of $134.72 on Nov. 19, 2021. At the time, investors were dazzled by its rapid growth, its sticky ecosystem, and its popularity with tween players.
But at the time of this writing, Roblox's stock trades at around $70. It lost its luster as it lapped its pandemic-driven growth spurt, racked up more losses, and grappled with safety and regulatory issues. Could it eventually bounce back and generate millionaire-making gains over the next decade?
Image source: Roblox.
Source Fool.com
