The gaming company Roblox went public on Wednesday to the tune of a $38 billion market cap. Here’s what makes the children’s platform so special — and so valuable.

The company, then, has grown more quickly in 2020 to date than it did in 2019, an impressive acceleration at scale. A COVID-derived tailwind has helped the company, with Roblox stating in its S-1 ...

Roblox reported revenue of $588.7 million during the first nine months of 2020, a 68 percent increase over the same period in 2019. The company has spent a lot more money as it’s grown, though.

Looking back at 2020, Roblox saw bookings grow 171% to $1.88 ... Investors should mostly ignore revenue for a company like Roblox, ... Roblox did raise money at a $29.5 billion valuation ...