And the Market Cap Between the Two Companies Is Huge
In an interesting turn of events, Roblox, the game known more for its open-world concept and its block-like characters, has overtaken Blizzard in market value, making it the most valuable American-owned gaming company at this time. Roblox Corporation’s market shares have the current market cap at 62 billion dollars, outpacing Activision Blizzard’s market cap of 52 billion this week. This far outpaces other companies, such as EA games, with all of its games and what it offers, which capped at $39.7 billion this week.
This may be surprising for some, but not for others. Roblox has been quite popular, with its free-to-play service, as well as the ability to run on PCs as well as various mobile devices. It’s also been around since 2006 and allows users to design and create their own games within their game universe. The only big problem that Roblox has as of late was when the game crashed for three days, following the Chiplote Mexican Grill promotion of getting a free burrito in store.
Activision Blizzard, meanwhile, has not been doing so well. Not only have there been delays in the two big game titles of Overwatch 2 and Diablo 4, but there have been the various lawsuits Activision Blizzard has been faced with as of late. Not to mention high-ranking members of the gaming company have stepped down quickly in the past few months. It’s little wonder then that someone else has knocked Activision Blizzard off of their throne, especially in the face of their stock dropping by 14 percent.
Roblox Corporation (NYSE: $RBLX) has officially overtaken Activision Blizzard Inc (NASDAQ: $ATVI) as the most valuable gaming company in the U.S. (via @GameSpot: https://t.co/XzrAWh4wDu) pic.twitter.com/QoMmxJBL1Y
— Bloxy News (@Bloxy_News) November 10, 2021
Even with talks of settlements and promises to make a better workspace environment, it’s likely that Activision Blizzard’s reputation will be slow to recover. And that means that Roblox Corporation, and its game, Roblox will remain in the top gaming spot for a while.
For those interested in playing Roblox, it can be found on Xbox One, PC, and in various Mobile stores.