Jim Cramer on Roblox: “Don’t Own It”

Jim Cramer reviewed Roblox Corporation (NYSE:RBLX) while breaking down 16 stocks for a market facing higher energy costs and economic uncertainty. Inquiring about the stock, a caller noted that although it is down, the younger generation seems to love it. Cramer replied:

You know, this is a stock that every time you try to call it and think it’s going to turn and go up because it makes great entertainment products, it lets you down. So, here’s what I’m going to say to you: Don’t own it, okay? It’s just not, it’s too hard. Some stocks, by the way, are too hard. That’s just the way it is. You say to yourself, “Hey, you know, I’m thinking about buying this for the Charitable Trust.” No, it’s too hard.

Roblox Corporation (NYSE:RBLX) runs an online platform where users can play, create, and share interactive 3D experiences. During the January 7 episode, a caller mentioned that they were considering the stock as a speculative play and asked for Cramer’s advice. The Mad Money host responded:

Okay, now, this company is a very, very good company that people decided to pay too much for. In other words, because it’s losing money, this market no longer wants it. Remember what I said, last year was the year of magical investing. That year’s over. If you’re losing money, people don’t want to touch it. That said, Dave Baszucki does a good job running it. I wouldn’t mind a speculative position only on Roblox.

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