Roblox Stock News

The promise of a "metaverse" is being used by companies across entertainment, tech and gaming to lure developers and excite investors. Why it matters: While each company defines metaverse differently, the broad concept of bringing people together in a virtual interactive world seems to have taken over the chatter in Hollywood and Silicon Valley. By the numbers: The word "metaverse " has been mentioned 128 times so far this year during investor presentations, compared to just 7 times last year, according to data from corporate research company Sentieo. The terms "AR or VR" were mentioned 991 times year-to-date, which is on pace with 2020 mentions, but nearly double the 547 mentions in 2015. Blockchain buzzwords began blowing up on earnings calls a few years ago. Driving the news: Disney on Thursday shocked Wall Street by telling investors it hopes to connect consumers via "our own Disney metaverse." Disney CEO Bob Chapek offered few details about the company''s plan, but told CNBC in an interview that he aims to use Disney+ as a platform for the metaverse.

Roblox Co. (NYSE:RBLX) insider Craig Donato sold 200,000 shares of the businesss stock in a transaction that occurred on Thursday, November 11th. The stock was sold at an average price of $95.12, for a total value of $19,024,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. []

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Roblox remains a cash machine -- but the machine is starting to rust.