Video game platform Roblox ($RBLX) achieved a major milestone by earning its first investment-grade credit rating from S&P Global ($SPGI) Ratings.

For the fourth quarter, bookings jumped 17%, while engagement rose by a similar amount, around 18%. Indeed, Roblox still seems to be in growth mode, even as it looks to encounter another recession.

Investors will have to weigh the benefits of massive user growth against ongoing losses and a rising valuation.

The market is turning sour on Roblox (NYSE: RBLX) stock. A darling of the pandemic, Roblox shares are down 47% year to date in 2022. Indeed, the company faces headwinds as economies reopen, but ...

Despite the latest surge of negative momentum, Roblox remains one of the most enticing long-term metaverse plays. Indeed, the metaverse hype has faded in a major way over the past year.