Vanguard Does Little for Activision Blizzard as Roblox Overtakes Their Valuation
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Many players believed that the release of Call of Duty: Vanguard will greatly improve Activision’s popularity. However, it looks like Vanguard was not able to create a big impact, as some users believed. Interestingly, Roblox has overtaken Activision Blizzard and became the most valuable gaming company in the US.
For most users, it might come as a shock as Roblox is overlooked due to it being aimed at kids. Regardless, after overtaking Activision Blizzard many players’ opinions might change. Continue reading to find more about the situation.
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Roblox overtakes Activision Blizzard as the most valuable gaming company
According to recent data, Roblox Corporation’s $62 billion market cap was enough to make the firm the most valuable US gaming company. The corporation surpassed the previous title holding company by more than $10 billion, as its market cap currently stands at $52 billion.
Furthermore, it can credit half of its success to the free-to-play live service games platform that allows users to design and create their own games within the title. After being valuated by the stock market, Roblox stands at the top with $62billion, Activision Blizzard at second with $52billion, and EA at third with $40 billion.
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Although it’s a major success for Roblox, Activision Blizzard suffered a big downfall in the stock market. Diablo IV and Overwatch 2 are the major reason behind the company’s collapse. Activision has delayed both upcoming titles for an unspecified amount of time. This made many users angry, and they expressed their anger online.
Other than the company’s downfall in the stock market, Activision is also facing some allegations regarding its workplace. According to some reports, the publisher is criticized for harassment and discrimination against women.
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It looks like Activision will have to first take action regarding these allegations before focusing on the stock market. Naturally, the company would like to focus on the damaged image and its share price significantly. This means we might see Roblox at the top of the charts for a very long time. Have your opinions regarding Roblox changed after it surpassed Activision Blizzard? Let us know in the comments down below.
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