Roblox goes public and is instantly worth more than $45 billion
CNN
Investors weren't making the trademark "oof" Roblox death sound Wednesday. Shares of the popular video game platform debuted on Wall Street and surged nearly 55% to $69.50, valuing the company at more than $45 billion.
Roblox describes itself as a "metaverse" where players can make their own avatars and environments to play in, such as virtual theme parks or scuba diving. "Roblox is an amazing community where people are creating together," said Roblox CEO and co-founder David Baszucki said in an interview with CNN Business Wednesday. His stake in the company is now worth more than $4 billion.More Related News
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