Roblox finally also beat Activision Blizzard, taking away the scepter of company of greatest value in the video game market, at least as regards the total market value calculated at the moment.
Despite some issues that have emerged in recent days, leading to a forced outage lasting a full day, Roblox Corp. has seen a notable surge in the value of its shares, which have achieved a 40% increase in the week following the official financial reports, catapulting the company’s total market cap to $ 62 billion.
This largely exceeds the total market value of Activision Blizzard, which stops at “only” 52 billion dollars according to the latest surveys, thus making Roblox the most valuable company among those operating in the field of video games.
To make a further comparison, the third company in this sector is Electronic Arts, with which the gap grows further as its value is 39.7 billion according to the data updated this week.
On the other hand, the market value of Activision Blizzard has suffered several hits recently, due to the various legal problems related to the abuse and discrimination lawsuit brought forward by some employees and the resulting organizational chaos, which also led to the postponement of Diablo 4 and Overwatch 2. Probably , this very last situation caused the decline in the value of the shares.
However, the outstanding element is also the acceleration of Roblox with its 40% increase in a short time. Furthermore, we remind you that the company has been listed on the stock exchange only since last March and also operates on a single title, which functions as a platform for various games within it.
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