Just last month on December 20th, Nancy Pelosi invested an estimated $296,500 into call options (bets that the stock price will go up) on Roblox Corporation (RBLX).
This company is considered a play on the emerging “metaverse,” something that sounds confusing at first, then stupid, then game-changing. If you find yourself in either of the first two camps, as you continue to understand this technology and how rapidly it’s emerging, you’re going to change your mind.
In October, CEO Mark Zuckerberg changed Facebook’s name to Meta Platforms. While the company will continue to operate Facebook, Instagram, and WhatsApp as it always has, the social media giant also wants to play a major role in building out the “metaverse.”
In fact, some are saying that one of the technologies that will be part of the metaverse could replace the iPhone entirely.
One new powerful technology called: “M.T.A.”
>> Facebook changed their name to “Meta”, hired 20,000 new employees to work on “M.T.A” technology, and is shifting their trillion-dollar business model to this tech.
>> Google has a global $270 billion secret project inside “M.T.A.” technology.
>> Microsoft (according to experts) is already acquiring secret patents on this technology.
>> Apple is hiring NASA engineers and could demolish their own Apple devices JUST to incorporate this new “M.T.A.” technology into their business.
Roblox’s platform contains millions of games that can be played across Apple, Google, Amazon, as well consoles like Microsoft’s Xbox and Sony’s PlayStation.
But this company has yet to report positive earnings. But that isn’t nearly as bad as it sounds, if you take a closer look at the financials.
You see, the trailing twelve-month average earnings per share for RBLX is -$.1. However, if you look at their cash flows, they are positive, and growing.
2020 was a year of historic growth for Roblox. With much of the world in lockdown or in some form of social distancing protocol, Roblox’s user base soared.
But 2021 was an even better year. In fact, their free cash flow grew in every single quarter of 2021.
It appears that the growth of 2020 wasn’t just a fluke.
But just this week, it was announced that Roblox removed its LuoBuLesi app, which was created in partnership with the Chinese company, Tencent Holdings.
This means that kids in China are unable to play this game. And it has no replacement ready yet.
For a full month, China has had no access to Roblox’s games, which should be cause for concern for this company.
On Friday alone, RBLX was down over 5%. In the past month, it’s down 32%. It might be time to scoop up a few shares, while keeping an eye on the news out of China as to whether Roblox is available in world’s most-populated country.
Where to invest $100 right now…
(HINT: It isn't RBLX)
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