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Roblox Corp (NYSE: RBLX) is one of the names commonly mentioned in metaverse conversations as the company continues to reimagine the way people come together through shared experiences.
But Roblox is a gaming platform with a user base that skews very young. About 60% of Roblox's users are under the age of 16, so very young user base. It's a freemium model.
Roblox shares surged as much as 35% on Tuesday, valuing the company at a record $60 billion. The online-gaming platform's revenue doubled year-on-year to $509 million last quarter. Soaring costs ...
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