FB Vs. RBLX Stock YTD Performance
We will discuss their YTD performances from 10 March onwards, as Roblox stock was listed on that day. Roblox stock had a blazing start from its March IPO as it raced to a YTD gain of almost 45% by June. However, its momentum quickly fizzled out. Its gains were almost completely wiped out at the recent September/October retracement. However, it has made a remarkable recovery with a YTD gain of 20.6%.
Incidentally, Meta stock's YTD gain (from 10 March) was also at 20.6% as of 29 October. Notably, its stock had maintained an excellent start to 2021, which got stronger as the year carried on. It achieved more than 40% YTD gain before it lost its momentum at the recent retracement. The weakness that affected social media stocks also impacted its stock price. Consequently, FB stock's YTD gain plummeted from its high for the year. At the moment, both stocks still lead the $SPDR S&P 500 ETF (SPY.US)$. Moreover, they are just slightly behind the $E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ 22.4% YTD return.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
woodfill : Roblox? The Minecraft Expansion pack for kids? I don’t think any adults will be spending time in that “metaverse” really don’t know what people are smoking thinking that Roblox is creating anything more than a video game. Yes it might one day be in VR but they simply don’t have the engineers to be creating anything else and all the theories that they could create something more are simply ridiculous
Milenko woodfill : Couldn't agree more. And the metaverse isn’t just an idea… it’s already here. Anyone who is reading this is already in the metaverse.
We used to attend meetings, now we log into zoom. We used to spend all our time in real life situations, now 40% on average is spent on our phones. We used to sit in the office doing paperwork, now it’s wholly online.
The metaverse is here. And, love him or hate him, Zuck is about to capture the market share.
Long a video game, lol… what’s wrong with some of yal?
James Browny Milenko : We used to attend meetings, now we log into zoom.
Not anymore thank god. Zoom and video conferencing is terrible. If humanity continues on this "meta" path, society is doomed.
hairless James Browny : Mayne “not anymore” wherever you work. Most of the corporate world switched to Zoom meetings, when feasible, during the pandemic.
hairless : I don't spend time there myself but my Daughter does and believe it or not there's already LOTS of adults spending time in the Roblox Metaverse. Although I agree with the author that the sheer resources FB has means that they can create whatever they want, I wouldn't count RBLX out and I'm sure the opportunities out there are enough for the two companies to exist side by side offering different experiences.