Roblox continues to experience rapid growth as it reached 115 million monthly active users

Roblox Robux Roblox is often described in shorthand as ‘the YouTube of games’ –
signifying that it’s not just a game but rather a platform where people
can create and share their own games and play those made by the rest of
the community. It’s also enormously popular with children – one of the
tentpole tween/teen gaming brands alongside Fortnite and Minecraft.

Roblox — a global online platform that brings people together through play —
announced it raised $150 million in a new round of funding led by
Andreessen Horowitz’s Late Stage Venture fund. And it is also offering a
tender offer for up to $350 million of common and preferred shares.
This financing round comes as Roblox continues to experience rapid
growth as it reached 115 million monthly active users and over 1.5
billion hours of monthly engagement.

In his recent keynote at the NY:LON Connect conference WMG’s Scott Cohen encouraged the music
industry to pay more attention to Roblox. “There’s over 100 million
monthly active users on this platform and almost nobody in this room has
ever heard of it?Roblox Robux for sale This is where the target audience is!” he said.

Roblox has had a history of providing employees and early stakeholders with
limited liquidity through periodic secondary offerings. And Michael
Guthrie Chief Financial Officer of Roblox pointed out that the company
is cash-flow positive. This is why the company feels strongly about
enabling early investors former employees and current employees to share
in its financial success along the way.

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