Roblox us ipo 4b12/24/2023 It's nice to give normal folks the ability to make their own games, but we've had make your own game kits in the past, and it's tough to get a quality game from an amateur developer. I tried out Roblox over the last month, and I came away unimpressed. But recent events (TSLA, GME) have reminded us that the market can stay irrational far longer than many of us can stay solvent! To the many commenting on the over valuation of this company - you are entirely correct. And looking back at the cash I dropped on DOTA 2 and Rocket League for cosmetic upgrades, maybe dad needs another reminder! It’s also been a tangible lesson that buying a digital asset (items etc) leaves you with nothing to show if you’re not playing the game or in the ecosystem in which that asset exists. As a parent I have jumped on opportunities to talk about get rich scams, trade scams, importance of personal security and password strength, and always questioning who is behind the screen on the other end (my 6 year old had not even considered nor could fathom why someone might not be who they portray themselves to be). On a positive note, there have been some very good life lessons learned from playing the game. I have also not seen a product more effectively weasel my kids out of their money in $5 increments. My 9 year old daughter plays with her friend group and while the games may be rather uninspired at times, much of the fun she has is hanging out with her friends in game. In my experience this is very much the case.
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