CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Roblox (RBLX) up 7.5% after the company’s first Investor Day

By Robert Davis

22:59, 16 November 2021

Young boy playing Roblox on a computer
Young boy playing the online game platform, Roblox. Photo: Rocklights / Alamy Stock Photo

Roblox saw its stock jump more than 7.5% to $116.18 (£86.54) on Tuesday after company executives revealed plans to build the Metaverse during its first Investor Day.

Over the last six months, the stock is up over 51% and has increased in value by more than 67% so far in 2021.


Roblox CEO David Baszucki said the last 18 months “validated” the company’s aims to help people connect when they otherwise are unable to. He pointed to the company’s third quarter results as proof.

According to the earnings statement, Roblox more than doubled its revenue to $509.3m in the third quarter and more than $170.6m in free cash from operations.

The net loss attributable to shareholders was reported at $74m.

However, the company also reported significantly increasing both its average daily active users and hours of engagement by 28% and 31%, respectively.

Roblox’s stock has gained 34% in value since the Q3 earnings were released on 8 November.

Plans for the Metaverse

Baszucki also provided a few details about Roblox’s plans to become a leader in the metaverse space.


147.02 Price
+0.760% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.14


467.55 Price
+0.310% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.14


134.12 Price
+7.790% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.25


239.02 Price
+1.900% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.14

As it is currently constructed, Roblox’s metaverse, which it calls “Human Co-Experience,” is entirely constructed by its users, Baszucki said.

It is being built with eight foundations in mind: identity, friends, immersion, low-friction, variety, anywhere, economy, and civility. Baszucki said these foundations will help users connect with each other while engaging with the Roblox platform.

The metaverse also exists within the convergence of storytelling, communication, gaming, and entertainment, Baszucki said. And while that may sound like the aims of Meta’s Facebook platform, Baszucki said Roblox’s metaverse is designed with both safety and civility in mind.

“A lot of Roblox friendships come from off the platform,” Baszucki said. “But our platform encourages friendships with people of similar interests and like minds. And that is somewhat unique for this category.”


While Roblox focusses on engagement and social connection, other metaverse companies are taking a different approach.

For example, Meta announced on Tuesday that one of its research teams is developing haptic gloves that will allow users to feel things in the metaverse. The gloves are designed to reproduce sensations such as texture, pressure and vibration.

Unity Software is developing technology that can train robotic operators against realistic virtual world settings. The company hopes to deploy the technology to help solve supply chain issues using artificial intelligence.

Read more: Roblox launches live music release events

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading