Roblox has been around since 2004. It’s the MMO that lets users design and share multiplayer games with their friends and other players around the world. What makes Roblox popular is the sheer amount it has to offer and it’s seen a huge growth in the number of players looking for something to play online.
While the game is free-to-play, if you want to spend money inside Roblox to buy in-game items, you need to use real money to buy the game’s virtual currency, Robux. The game also has a subscription service that comes with monthly Robux, discounts, and premium content.
According to Fast Company, the iOS version of the game went from $1 billion in player spending revenue in November 2019 to $2 billion by October 2020. So, Roblox has headed to the stock market for the general public to buy shares. Because of this, we decided to make a handy Roblox stock guide to help you learn more.
What is Roblox stock?
On March 10, 2020, Roblox went public on the stock market. Meaning you can buy shares in the company on the New York Stock Exchange and own a stake in the game maker.
How do I buy Roblox stock?
Now, we’re not experts, so we suggest doing your research before investing in the stock market. A lot of people have ventured over to check out Roblox stock on Reddit, with users in subreddits such as /r/investing providing in-depth analyses on the situation that might be worth reading before you invest.
But, in the simplest terms, you need to follow a few steps.
First, you need to look into finding a broker to buy the stocks on your behalf. Once you pick a platform and register with all your personal and financial information, you need to look up Roblox on the market (either by name or by its trading ticker, RBLX).
You can either buy it now or later, when the stock price reaches the amount you’d be happy to pay for it. You then have to decide how many shares you want to buy, depending on the cost of them at the time, and how much you’re willing to invest.
Finally, once you’ve bought them, you’re invested. It’s important at this point and moving forward that you keep track of how the stock is performing in the long term.
Where can I check the Roblox stock price?
You can keep an eye on how the Roblox stock price is performing on sites like MarketWatch, TradingView, or Nasdaq. These sites are great for checking the Roblox stock market history and keeping an eye on the price per share.