Revealed: Ross Givens’ #1 Tech Stock Of The Decade

Dylan Rieger // Stocks


June 6  

Ross Givens is out with a new stock teaser to try and get you to sign up for his stock-picking services.

This time he's claiming to know the #1 tech stock of the decade.

But he won't reveal the company's name unless you buy Stealth Trading Gold.

However, there's good news: Ross left enough clues in the presentation to figure out the name of the stock.

I reveal it in the video below and give you information on the stock so you can determine if it's worth investing in.

Let's get started now!

Transcript Of Video

Before we reveal the stock, let's quickly look at the teaser from Ross.

He claims the #1 tech stock of the decade could be the next Amazon, Netflix, Apple, Facebook, and Youtube.

Others are calling this a millionaire's stock, the metaverse stock to own, and a massive business.

He also claims that 6 million more people are using this product per day than Youtube, which means it has 150 million monthly users and a staggering 29 billion hours are spent on it every year.

Additionally, this stock has nothing to do with streaming, bitcoin, 5G marijuana, or anything like that.

What is Roblox?

The #1 tech stock of the decade that Givens is talking about is the gaming platform Roblox. 

Roblox is a popular online platform that allows users to create and play games, as well as engage in various virtual experiences. It was launched in 2006 by Roblox Corporation and has since grown into a vast and diverse community of players and developers.

The platform provides a sandbox environment where users can design and build their own games using Roblox Studio, a powerful game development tool. With a user-friendly interface and a scripting language called Lua, Roblox Studio enables users to create immersive 3D worlds, design gameplay mechanics, and implement interactive features. These games and experiences can be shared and played by other users within the Roblox ecosystem.

Roblox offers a wide range of game genres, from action and adventure to role-playing, simulation, and more. Users can explore a vast catalog of games created by fellow users or participate in virtual events and activities hosted by developers. The platform also encourages social interaction, allowing players to communicate with each other through chat, join groups, and form communities.

One of the defining aspects of Roblox is its emphasis on user-generated content. The majority of games and experiences available on the platform are created by individual users or small development teams. This enables a constant influx of new and unique content, ensuring that there's always something for everyone to enjoy.

Roblox has gained immense popularity, particularly among younger audiences, due to its accessibility, creativity, and social nature. It has become a platform where aspiring developers can learn game development skills, showcase their creations, and even earn revenue through the Roblox Developer Exchange program.

In addition to its game development aspect, Roblox has evolved into a social platform where users can customize their avatars, purchase virtual items and accessories using in-game currency called Robux, and engage in virtual economies. This has created a vibrant marketplace where users can trade and sell virtual items, clothing, and accessories to further personalize their experiences.

Overall, Roblox provides a dynamic and interactive environment for players and creators alike, fostering creativity, collaboration, and community-building within its vast virtual universe.

Pros of investing in Roblox

Investing in Roblox could be a smart move for several reasons. Here are some of the pros:

Number One: Robust growth potential. Roblox has been growing rapidly in terms of revenue, bookings, and daily active users (DAUs). In the first quarter of 2023, Roblox reported revenue of $655.3 million, up 22% year over year; bookings of $652.3 million, up 161% year over year; and DAUs of 42.1 million, up 37% year over year. Roblox benefits from the network effect, meaning that the more users join the platform, the more attractive it becomes for other users and developers. Roblox also has a diverse and loyal user base, with over half of its DAUs under the age of 13 and over 80% of them engaging with their friends on the platform. Roblox has a global reach, with users from over 180 countries and support for 11 languages.

Number Two: Strong monetization and cash flow. Roblox generates revenue by selling its virtual currency, called Robux, to users who can use it to buy premium subscriptions, access exclusive content, or tip developers. Roblox also shares a portion of its revenue with developers who create games and experiences on the platform, creating a vibrant and creative ecosystem. Roblox has a high retention rate, with over half of its DAUs spending more than an hour per day on the platform. Roblox also has a positive cash flow from operations, which was $164.5 million in the first quarter of 2023, up from $142.1 million in the same period last year.

Number Three: Innovation and expansion opportunities. Roblox is constantly investing in new technologies and features to enhance its platform and user experience. For example, Roblox recently launched a new spatial voice chat feature that allows users to communicate with each other in a more realistic and immersive way. Roblox also plans to expand into new categories and markets, such as education, music, live events, e-commerce, and advertising. Roblox also has the potential to benefit from the growing popularity of augmented reality  and virtual reality devices, as it already supports some of these platforms and could leverage its metaverse capabilities to create more engaging experiences.

Cons of investing in Roblox

Some of the cons of investing in Roblox are:

Number One: Competition and regulation. Roblox faces stiff competition from other gaming and entertainment platforms, such as Unity, Minecraft, Fortnite, and Netflix. Roblox also has to comply with various laws and regulations in different countries and regions, such as data privacy, content moderation, intellectual property, and taxation. Any changes or violations in these areas could affect Roblox’s reputation, user base, and revenue.

Number Two: Privacy and security. Roblox collects and stores a lot of personal information from its users, such as age, gender, location, email, phone number, and social media accounts. Roblox also allows users to communicate with each other through chat boxes, voice chat, and private messages. These features pose risks of data breaches, hacking, phishing, scams, and identity theft. Roblox also has to protect its users from malicious actors who may try to exploit or harm them through the platform.

Number Three: Content moderation and quality. Roblox relies on its users to create and upload games and experiences on the platform. While this gives Roblox a diverse and creative edge, it also creates challenges in ensuring the quality and appropriateness of the content. Roblox has to monitor and filter out any content that may be violent, sexual, offensive, or infringing on others’ rights. Roblox also has to deal with user complaints and disputes over content ownership and monetization.

Number four: Spending and addiction. Roblox can be addictive for some users who may spend excessive amounts of time and money on the platform. Roblox encourages users to buy its virtual currency, Robux, to access premium features, content, and subscriptions. Some users may also fall victim to scams or frauds that promise free or discounted Robu2. Roblox can also interfere with users’ physical, mental, and social well-being if they neglect other aspects of their lives.

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About the Author

Dylan is an investing and passive income watch dog. He created Level Up Your Wealth to prevent people from wasting money on scam programs and to recommend high quality offers.

Dylan Rieger

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