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MarketFoolery

Would Meta Platforms Buy Roblox?

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 30 November 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

As Meta Platforms (formerly Facebook) continues to invest in the metaverse, would acquiring Roblox fit with their plans? Asit Sharma answers that question and weighs in on the results from Cyber Monday and the stock market uncertainty caused by the omicron variant.

Transcript

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0:00.0

It's Tuesday and November 30th, welcome to Marketfoolery.

0:05.4

I'm Chris Hill, with me today, the one and only Aussie Charma.

0:09.0

Thanks for being here.

0:10.6

Chris, I'm surprised you keep having me back, but I'm definitely glad to be here.

0:16.0

We've got Cyber Monday's report card.

0:18.1

We have a question about meta-platforms, but we should probably start with the word that

0:23.1

everyone has learned in the past week, and that is Omacron.

0:27.4

I hope I'm pronouncing that correctly.

0:29.0

This is the new variant of COVID, and even I were chatting this morning, we are at the

0:39.6

point, and I say we collectively, the investing community, we're at that point where nobody's

0:45.6

really sure what's going on, but everyone is trying to figure out what this means.

0:53.0

We've got scientists saying, give us a couple of weeks to compile some data, and we're

0:58.6

going to have more information for you, but a lot of us don't want to wait that long.

1:04.2

I was reminded of the fact that the old adage, the market hates uncertainty, really holds

1:10.7

up, because there's a lot of uncertainty in the market, and everybody hates it.

1:17.7

It's such a place we've come to after all these months.

1:24.2

It almost feels like we could be back to square one, and that certainly is driving up that

1:28.2

uncertainty.

1:29.2

I would say some fear factor as well in the market.

1:31.9

The market does hate uncertainty, and you can't get any more tantalizing than this.

1:39.6

The prospect that we could get over the finish line, finish out this year, basically in

1:46.9

recovery mode, maybe cruising towards that 3.5% GDP growth that the World Bank forecast

...

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