Welcome to the Tech Mem Ride Home for Thursday, March 11th, 2021. I'm Brian McCullough.

Today, Roblox's public market debut and why people are so excited about it.

Twitter to open up spaces to everyone by next month, an Apple Silicon

friendly version of Photoshop sports some eyebrow-raising performance gains. Our our iPhones about to get heavier,

and the NFT's sales record has been shattered

thanks to people.

Here's what you missed today in the world of tech.

Roblox is out the door.

Robox closed its first day of trading as a public company at $69.50, valuing the company at 38.26 billion dollars, quoting CMBC.

Shares began trading at $64.50, which represented a 43% increase from a private financing round just in January when the company sold shares for $45.

The NYC set a reference price on Tuesday of $45, though no stock changed hands at those levels.

The reference price tends to reflect private market

trading and does not indicate where a stock will open.

Roblach hits the market coming off an explosive year of growth, primarily from kids who were stuck at home

because COVID-19 forced

schools to close and sports leagues to shut down. Within Roblocks which is one of the

top grossing apps on Apple and Google devices users create avatars that they can move between the millions of

games on the service, navigating theme parks, adopting virtual pets, and fighting enemies

with their friends.

Revenue last year jumped 82% to 923.9 million dollars. Still, Roblox's net loss

widened to $253.3 million from 71 million dollars in 2019 as the company almost tripled the amount of money it paid to

developers through its revenue sharing program. More than 1250

...