The Parallel Universe Hype

Many of you probably know Roblox, the popular video game platform where game creators can create a game and publish it to the platform, where people can play on. Roblox went public a few months ago on March 10, 2021. Recently Roblox has been rising on the stock market, like up or down 10% or more in one day. Roblox was a big hit during the pandemic, because it is an opportunity for kids to explore things together that they could not do in the real world and during physical distance. Roblox has created a virtual world to the real world. Companies like META (Facebook) are also trying to make a parallel universe. Facebook recently changed its name to META because in the future they are going to make a metaverse where people can do things together in a virtual world. META(Facebook) wants to connect virtual reality to their mission to connect people throughout the world.

 RBLX went up 108.99% since it was IPOed (IPO stands for initial public offering, which means when the stock is first available to the public.) This shows that the price of the stock has more than doubled in the last 7 months! You might have heard of Unity, It is one of Roblox's competitors. It is also a game development software, but Unit(U) is more of a game development company than a platform. In the past 6 months U went up 124.49% and RBLX went up 66%. Unity also had an IPO earlier which may have made it go up faster. Maybe RBLX and U both profited because of the meatavers hipe.

I asked some questions about Roblox, Unity and META and what they think of the new Virtual world they are creating. I asked August what he thinks about Minecraft and Roblox connecting to the virtual world. “I think it is awesome, and inspiring. It’s cool to be in a pixelated world, and you are yourself playing a video game, but in an alternate universe.” He also said, “People can make their own games in Roblox. People can also play minecraft and build houses.” It sounds like that consumers can be creative in video game platforms like Roblox in the alternate world. I asked Yuuki what she thinks about Roblox “You can play multiplayer with other people and you can play with friends. Lots of people play it so if you want to join a public server, there always are a ton of people on there. It also sounds like the software customers also like the parallel universe. 

I then asked them what they think the future will look like with the virtual world. Yuuki said “I feel like it will always be the same. I think apps will start to post things and take things down so that they ‘improve their image’. I also feel like more apps will be created.” I also asked August what he thinks the future of the virtual universe will look like. Here is what he said:  “I think that games will become 3D, and stand out more, so that you feel like you are in the zone. I also think that there will be more sound for the game.” It sounds like virtual world softwares has a huge potential in the future. 

All in all Roblox has a huge potential in the stock market and for its future. Please keep in mind that I am not a financial adviser. If you would like to invest in any of the stocks I mentioned, please do your own research.