[February 27th, 2021]
Roblox has updated their S-1 and decided to go direct listing on March 10th. Roblox hosted investor day on Youtube. I highly recommend watching that video (presentation and Q&A) which is embedded below.
Roblox is interesting:
- “metaverse holder” pure play – vertical & category agnostic consumer internet tech
- “large” TAM, meme candidate, scalable, ultimate rake
- robust operating & financial traction with long runway
- direct listing increases the likelihood of “overshooting”
- interest rate hike / inflation expectation discounts narrative stocks
This stock is worth following and its volatility creates opportunities.