Roblox

Hi Friends,

One holding that I have, Roblox Corp, as has been down more than most over the last year. Here is the chart:

I got into Roblox as a metaverse play, and they have an advantage in the space was they have popular games, a platform and early metaverse options. However, these advantages have not translated into profits. The company does make a lot of money from in game purchases, but is not the pure play-to-earn platform that many will be expecting from metaverse projects.

I do not have a big position here, but I am also not adding. Many people are not as bullish on the metaverse as they used to be, and there is a lot of competition in the space without a proven roadmap to make it profitable to companies.

However, I do like to invest in disruptive technologies, so I am holding this one in hopes of a turn around.

Thanks for coming by,
Brian