Technology
Why is kids’ video game Roblox worth $38 billion and what do parents need to know? – The Conversation AU
More than 30 million people play Roblox every day – and millions also make their own games for the booming kid-friendly digital platform.
When the childrens digital game Roblox launched on the New York Stock Exchange last week, the companys share price rapidly took off. By the end of the day, it was valued at US$38 billion.
How can a game for kids be worth so much?
What is Roblox?
Roblox has been around since 2004, but its often overshadowed by the more popular and easily understandable game Minecraft. Bought by Microsoft in 2014 for a comparatively paltry US$2.5 billion, Minecraft players create and explore pixelated worlds and…
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