Welcome to the metaverse, the sci-fi dream behind Roblox's $38 billion valuation

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Roblox bets it can build a virtual universe where billions play, work and socialize.

earlier this week, Zuckerberg expanded on his plans for AR and VR, detailing a world where we can "teleport" anywhere virtually and socialize over a distance while still maintaining a sense of presence.

But there's a risk for companies like Roblox there too. If Facebook or Apple controls the dominant AR and VR platforms, then companies like Roblox will still be forced to play by a competitor's rules and continue paying a cut of all sales generated in the app to someone else.

 

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mattmiesnieks I sold other tech stocks & some Bitcoin to buy Roblox yesterday. Already made back what I sold on Bitcoin and the RBLX is doing pretty well. WelcomeToTheMetaverse! 😊

ballmatthew lol

Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 196% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!

WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!

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