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p>Roblox reported revenue of close to $925 million last year, up 82% from 2019. The company also announced earlier this month that it is now expecting sales to increase by another 60% this year, bringing it to a the range of $1.44 billion to $1.52 billion.

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p>There is no slowdown in sight for SPACs or IPOs

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p>Roblox had 32.6 million daily active users at the end of 2020, and the company is predicting that it will have 34.6 million to 36.4 million by the end of 2021.

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p>The majority of the company’s players are youngsters 13 and under. Baszucki said that the company is advancing towards a point where many of its players are not tweens. Baszucki said that the Roblox user base is growing rapidly, especially among 17-24-year-olds.

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p>But Roblox stated in its filing with the Securities and Exchange Commission that having an extremely small user base will lead to more scrutiny of the platform.

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p>"The increase in the use of interactive entertainment like ours by consumers including younger ones, could cause calls for more strict consumer protection laws and regulations that may impose additional burdens on companies such as ours," Roblox said.

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p>Roblox has to ensure that the game is safe for minors and that privacy policies are strictly enforced. Roblox also has safeguards in place to make sure that users of a younger age don't overspend on Robux.

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p>Baszucki said he was thrilled about the launch of the stock market and added that it would be ideal for long-term investors as well as employees in Roblox.

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p>Roblox listed shares directly on the New York Stock Exchange as instead of releasing new stock in an initial public offering. The stock was subject to an initial price of $45 per share from the NYSE.

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p>Spotify (SPOT), Slack(WORK) (which is currently being purchased by Salesforce (CRM) and Palantir were all made public via direct listings.

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p>"For us, a direct listing seemed natural. Baszucki explained that direct listing can bring together all the community and everyone is using the same price for trading at the opening.

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p>Roblox How it became the "it" game for teens -- and also a massive business

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p>What's next for this company now that it's publicly traded?

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p>Roblox is not yet profitable. It lost more than $253 million in 2020, which is up from a loss or about $71 million in the previous year.

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p>Baszucki stated that the business is looking to increase sales through advertising. https://minecraftservers.top/ He said it will be organic. For instance, players can pay to get Nike shoes in Roblox, as opposed to billboards with large sizes for Air Jordan in Roblox.

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p>"The small amounts of advertising we have been doing is authentic and immersive," Baszucki told CNN Business.

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p>Baszucki, who's own Roblox user name is builderman, added that he's not worried about Roblox being a fad that could eventually suffer an eroding of popularity.

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p>He said that the game continues to add users even as gamers have other choices like Minecraft, Fortnite and the ever-growingly popular Among Us to play during their down time.

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p>Roblox joins a growing list of unicorn companies that have gone public in the past few months and soared like Bumble, Poshmark, Airbnb and DoorDash. Unity, the gaming software company was listed in September of last year. Its stock has almost doubled in that time.

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p>Instacart and Coinbase are among the most anticipated debuts of stock markets this year. Robinhood is also expected to launch later in the year.

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