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RBLX- because kids love spending money

Posted on 3/11/21 at 7:59 am
Posted by MSTiger33
Member since Oct 2007
20360 posts
Posted on 3/11/21 at 7:59 am
Did anyone else buy this yesterday? I manage some iras for my niece and nephew who love this game. I decided to buy some shares in their iras. Fingers crossed. I told their dad he needs to make some more in game purchases.

What is MT thoughts on this one?
Posted by DVinBR
Member since Jan 2013
12955 posts
Posted on 3/11/21 at 8:04 am to
i got some yesterday right as it opened, kids love this game
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 3/11/21 at 8:22 am to
I know nothing about it but does it have staying power or is it just the latest fad/flash in the pan? Kids don’t have much loyalty and are quick to move onto the next thing.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30543 posts
Posted on 3/11/21 at 8:23 am to
I’m assuming it has no staying power. Even Fortnite is fading now, and it was at the top of the world at one point
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 3/11/21 at 8:33 am to
I'm one who buys Robux b/c nieces/nephews always request it for bdays, Christmas, etc. Somehow I always get suckered into this because I'm the "cool uncle"
Posted by DVinBR
Member since Jan 2013
12955 posts
Posted on 3/11/21 at 8:36 am to
it's been around since 2006, that's long enough for mainstay in my book
Posted by papz
Austin, TX
Member since Jul 2008
9330 posts
Posted on 3/11/21 at 8:55 am to
Uh... there's a big difference here. Fortnite is ONE game.
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
3786 posts
Posted on 3/11/21 at 9:12 am to
My kid and his friends love this game. I have no idea what it is but that’s all they talk
Posted by NEMizzou
Columbia MO
Member since Nov 2013
1369 posts
Posted on 3/11/21 at 10:57 am to
My kids know what Roblox is but I'm super cheap (when it comes to some things ) so they have no access to it at home. Bought a few shares for each; figure it'll be a good educational lesson for them on how investing works if nothing else and although the valuation might as well be out of thin air to my uneducated self I can't imagine it being a terrible long term play.

Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 3/11/21 at 11:15 am to
quote:

My kids know what Roblox is but I'm super cheap (when it comes to some things ) so they have no access to it at home.
Roblox is free to play
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 3/11/21 at 11:15 am to
Go buy some BFT . The real money is the payment applications on these games. BFT to PaySafe should be a nice boost.
Posted by Venelar
The AP
Member since Oct 2010
1134 posts
Posted on 3/11/21 at 11:25 am to
quote:

Roblox is free to play


Sure it is. Next thing you know your kid has a monthly robux subscription plan
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 3/11/21 at 11:28 am to
quote:

Sure it is. Next thing you know your kid has a monthly robux subscription plan
It's a 15 year old game, I don't think they will be doing that any time soon if they haven't already
This post was edited on 3/11/21 at 11:29 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31055 posts
Posted on 3/11/21 at 11:30 am to
They were talking about this on CNBC a bunch yesterday, but I muted it when some gamer with pink hair who has millions of followers came on to talk about it. They were debating whether their business model could be successful long term playing only in the child demographic, or if they would need to expand things to target and appeal more broadly. I'm not sure where they netted out
Posted by NEMizzou
Columbia MO
Member since Nov 2013
1369 posts
Posted on 3/11/21 at 12:15 pm to
quote:

Roblox is free to play


Unless it's free to play on the ancient WiiU my kids have or the Donkey Kong arcade cabinet I have my kiddos still can't play Not old enough for cell phones yet.
Posted by Thecoz
Member since Dec 2018
2517 posts
Posted on 3/11/21 at 5:51 pm to
it is on my list ...but waiting a few months.. looking for the three month dip...or stability
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4461 posts
Posted on 3/11/21 at 7:12 pm to
You should be fired from managing their IRA buying that crap.
Posted by Sev09
Nantucket
Member since Feb 2011
15555 posts
Posted on 3/11/21 at 8:51 pm to
quote:

Even Fortnite is fading now, and it was at the top of the world at one point


Same with PUBG
Posted by FoodExit
Mobile
Member since Jun 2011
896 posts
Posted on 3/12/21 at 3:25 am to
quote:

You should be fired from managing their IRA buying that crap.

Cathie Wood bought it for one of her funds and apparently feels like it’s going to be a worth while stock.
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