The long-term interest rate determines the discount rate for the net present value of the discounted cash flow. The rise of interest rate fueled the market rotation in the last couple of days from the growth to value stocks. 10, 2021 Stock Marketĭow hits a record high after gaining 464 points today after the House passes the $1.9 trillion stimulus package. Markets Up/DownĪs of Market Close on Mar. Robinhood, Coinbase, and Instacart are planning for IPO later this year. The company still reported a net loss and planned to increase revenue from advertising. The company put a stringent control to protect the younger audience by ensuring the minor users’ privacy and safety. Roblox has 32.6 million active users and an age demographic of 13 – 24 years old. ![]() The company posted $925 million in revenue in 2020 and grew by 89% from 2019. The video game platform is free and available through smartphones, tablets, and consoles, with the main revenue generation from Robux currency to purchase virtual objects. The company CEO and co-founder, David Baszucki, describes Roblox as a community where people creating together. ![]() Roblox (NYSE: RBLX), a video game platform, goes public today, and the stock surges 43% with more than $38 billion in market capitalization. Subscribe here | Click here for more updates
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