Ark latest update 253.5
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“Growing brand involvement will expand Roblox’s user base from children to adults, delivering further growth as the metaverse evolves.” Roblox has attracted several well-known names including Gucci, Vans and Netflix, which are looking to take an early position in the metaverse and attract next-generation consumers, said Rupantar Guha, analytics firm GlobalData’s gaming analyst. That is expected to help Roblox at a time when other video game companies like Electronic Arts Inc, Activision Blizzard and Take-Two Interactive, along with social media companies, are scrambling to build a metaverse around their products to keep users engaged. Shares of Roblox, which describes itself as a metaverse company, slipped about 4% in premarket trading on Wednesday.įounded in 2004, the company has worked for a decade to build a virtual platform – or the new buzzword in the tech world called metaverse – where its users can interact and play games.
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The surge helped the company more than double its stock price to $109.52 since its market debut in March, while adding $18.7 billion to its market capitalization. The asset manager said it had offloaded 82,267 Roblox shares – worth about $9 million based on the stock’s Tuesday closing price – from its ARK Next Generation Internet ETF portfolio. (Reuters) – Cathie Wood’s ARK Invest has sold some Roblox stock, cashing in on its 42% jump on Tuesday following the gaming company’s strong quarterly results. REUTERS/Brendan McDermid/File Photo/File Photo FILE PHOTO: Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 13, 2021.