"This shift to an online world will continue," the analysts wrote. Jefferies analysts said in a Monday note that the metaverse could be the biggest disruption to daily life ever seen, and said the pandemic accelerated the shift to a more virtual reality. Roblox has already mastered the "play" aspect of the metaverse as millions of users spend time in the game building their own virtual worlds and spending and buying with their "Robux."ĭavid Baszucki, the company's chief executive officer, told Bloomberg he sees Roblox being a pivotal piece of the metaverse, where people can take part in town halls, conferences, and eventually even dissect a frog for biology class. The metaverse has yet to reach the mainstream. The rebranding was meant as a symbol of the company's push into the next phase of the internet, a digital world called the metaverse where people can interact, work, and play. Free Article Is Roblox Stock a Buy By Lawrence Nga at 8:58AM Key Points Roblox has been a hot topic in an emerging industry. Investors have been pouring into metaverse-related stocks and cryptocurrencies since the company formerly known as Facebook announced its new name "Meta" at the end of October.
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