 Boom So money geeks was over here. Welcome to another video. So into this video We are going to talk about Roblox what is going on the price of the stock is skyrocketing We're gonna cover that again into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on new content. So when it comes to Roblox again This is a company that we cover here on the channel when they were going Public they went through a direct listing and we did about four videos here on the channel talking about it Why I was super excited about it and just to give you guys some context I have little nephews and nieces that talked about Roblox and I'm like if they are frying your brain with games like this I better be making some money off of those games. And so I had that IPO I knew I was gonna buy Michael not I was ready to jump in this IPO because Every little kid that I spoke to 86 to 15 somebody was playing Roblox I'm like, this is good. If they're if they're playing Roblox, I want to be in there I want to buy this IPO and then my little nephew actually for Christmas Ask for Roblox, I know Roblox. That's what they call it Roblox money So we just this money that you you spend in the Roblox games So I'm like that is what you want for Christmas. That's interesting So I knew there was something behind these and that's why I wanted to jump into the stock But again guys this stock has just gone crazy Which I'm gonna bring up here as you guys can see again. This is they create all kinds of games So the thing I like about the platform is It's kind of like a universe. You can go in and create different games Wouldn't that universe 3d games name it you can create that wouldn't it operates within that universe? And so I think they still have a huge opportunity for growth and I'm gonna explain that Subsequently, but again if you want just go to your website you check out you see all these games here a lot of the games I get towards kids and they're easy and simple to play and kids do love it I mean you take a five or six year old They are on the phone or tablet the playing Roblox and I'm like, okay They're frying your brain somebody has to be making money And if it's them I must we'll be making my own money too. So that's why I bought it again I just try to put that out there But if you guys can see they have a lot of games I don't let me know how many games told her but the and if they keep pumping in more games every single Days so this platform has all kinds of games You know targeting from like five years old all the way to 20 or a lot of people play games on this platform They have developers all across the world You develop your game they have a vetting process we go through you can apply and then get your game onto Roblox and then It's kind of a shared revenue business model. So you have people Developers making money Roblox as a company making money in the process. So I mean, I do like it when I did the video Back in 2020 when I was telling you guys that these companies were in public I mentioned the fact that this is one to buy and hold and so I actually jumped in but it And held it. So here's what I want to show you guys. I'm not Jim Kramer But so you can see here Roblox or as it reports that revenue doubled in the third quarter This is because they have a business model where they make people spend money within the games And they continue to build more games. So I get more news from CNBC You can see here went up 30% So now let's take a look at where the price of the stock is currently sitting at so this is prior to their earnings So you can see here. This is after hours. So prior to their earnings We were sitting somewhere about 75 dollars at earnings. It look at it went all the way to 105 and then pull back And then today it went back again into 106 So and it's still like on the upside. Can you imagine again? Like I told you guys this was a long-term play and I jumped in but it held it and I'm not selling I'm holding this one long term because I think there's tremendous amount of Opportunity here. So if you see Roblox if you hear Roblox is moving This is the reason why is because they double their earnings Again, or this is something that you're looking for in the company we invest in because when the target kids didn't know kids Are dedicated and so in the process They know kids are gonna make your parents spend money and most parents today are so busy You have work you have other activities may have to watch your kids So what do you do you take out your phone whip it put a game on and have the kids play So they know how to fry your kids brain. And so if they're doing that you might as well be profiting from from that process So again, that's just my personal take But I want you guys to give me your take in the conversation Are you currently invested in the stock if no do you plan on getting in if you plan on getting in I'll say wait for that pull back. You see I think 75 Dollar is usually support for this. So if you can pull back around that area And you can buy with the hope to go long term So that's why I wanted to cover into this video if you're new here We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on your content. Also, if you're looking to get started investing We both has their promotion where if you sign up and deposit $5 you get free stocks and free crypto links in the description And as always guys do your due diligence. Don't be greedy savage. Stay motivated