Today's video focuses on Roblox (RBLX -2.25%) and Unity Software (U -1.22%), two popular stocks dealing with the metaverse. Each one's price has dropped over 35% from its all-time high. Here are some highlights from the video.
- Most experiences on Roblox have been developed with the typical boxy look that everyone knows Roblox for, but developers can create higher-resolution experiences on its platform. It is possible that as older gamers enter the Roblox ecosystem, there will be an increase in higher-resolution experiences.
- With the current increase in virtual reality headsets, some Roblox game developers are now focusing on creating virtual reality experiences. On Nov. 23, Roblox announced a funding program to help individual and studio developers bring new experiences to its platform.
- Unity is expected to release its fourth-quarter and fiscal year 2021 financial results after the market closes on Thursday, Feb. 3.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closing prices of Jan. 7, 2022. The video was published on Jan. 8, 2022.
