However, it has made a remarkable recovery with a YTD gain of 20.6%. Its gains were almost completely wiped out at the recent September/October retracement. However, its momentum quickly fizzled out. Roblox stock had a blazing start from its March IPO as it raced to a YTD gain of almost 45% by June. We will discuss their YTD performances from 10 March onwards, as Roblox stock was listed on that day. RBLX stock YTD performance (as of 29 October 21). We discuss which of these metaverse stocks investors should buy to gain exposure to the massive metaverse opportunity that is still in the early innings of their development. So if you look at Roblox, then Roblox is arguably a Metaverse for younger gamers. Metaverse is more of an overarching opportunity in which different kinds of games are played within a single sort of social graph and software suite. Now I wouldn't say that Metaverse is a genre.
Tencent ( OTCPK:TCEHY ) also acknowledged Roblox's metaverse ambitions, as chief strategy officer James Mitchell added: Roblox ( NYSE: RBLX) aims to create its metaverse for " human co-experience," powered by user-generated content (UGC).
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It's Meta's answer to the dominance of iOS, and Android ( GOOGL ) ( GOOG ) as the company charts its path towards an exciting future. Additionally, the metaverse is the company's long-term solution to design their operating system in lieu of the mobile internet.
Moreover, the company has telegraphed that it will work around these issues over time. We think these advertising headwinds are transitory and not structural. The company also reported solid results in FQ3 despite the continued impact of Apple's ( AAPL ) IDFA changes. looks to the metaverse as the company's next transformative phase of growth. ( FB) was rebranded as Meta Platforms, Inc. Niphon/iStock via Getty Images Investment Thesis
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