Why Upcoming IPO Roblox Could Become the YouTube of Gaming
November has seen an abundance of well-known tech companies like Affirm, Airbnb, and DoorDash file to go public. However, the IPO investors should be most excited about is Roblox. The gaming platform for individual creators has a long runway for growth and looks similar to YouTube a decade ago. Here's what investors need to know about the company.
Google's (NASDAQ: GOOGL) YouTube is the No. 1 platform for individual video creators. Its billion-plus users, easy publishing tools, and social features make it the best place for creators to monetize content. With $15 billion in sales in 2019 and a rumored $200 billion market value (investors don't know the exact number since it is a subsidiary of Google), this model has worked quite well for the company.
Image source: Getty Images.
Source Fool.com
