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Roblox has hired PubMatic to help ramp up sales of new video advertisements the gaming platform expects to launch later this year, the advertising tech firm said on Wednesday.
Cathie Wood is a popular investment manager known for investing in high-tech companies with massive potential.
SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox to Report First Quarter 2024 Financial Results on May 9, 2024.
Wood added to her positions in Roblox, Roku, and SoFi on Thursday. All three stocks beat the market in 2023, but are down between 20% and 34% so far this year.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Roblox (RBLX) closed at $36.44 in the latest trading session, marking a -0.87% move from the prior day.
Roblox (RBLX) reachead $37.88 at the closing of the latest trading day, reflecting a +1.58% change compared to its last close.
A somewhat controversial concept, metaverse stocks to buy presents both opportunities and pitfalls. Still, with so much money being poured into the digital ecosystem – which is broadly defined as a network of shared, immersive virtual worlds where people can connect with each other – it's worth keeping this sector on your radar.
Despite enthusiasm from Mark Zuckerberg that ultimately led to the rebranding of Facebook into Meta (NASDAQ: META ) in late 2021, the metaverse's time in the limelight was short-lived before a generative artificial intelligence ( AI ) boom in 2023 drove investor sentiment elsewhere. Another confounding factor surrounding metaverse hype was the primitive technology being showcased as a “groundbreaking” development for future collaboration and entertainment.
Roblox has grown into a wildly popular and immersive gaming platform, with 71.5 million daily active users. Metaverse adoption and technology are still in the early stages, and Roblox could be a big long-term winner.