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Benzinga
Benzinga
Business
Melanie Schaffer

Why Roblox Stock Could Blast Higher Following Spotify Debut

Roblox Corporation (NYSE:RBLX) shot up over 6% on Monday, after breaking up bullishly from a falling channel pattern on April 28, which Benzinga called out earlier that day.

On Tuesday, Spotify Technology (NYSE:SPOT) announced its debut on Roblox, the first music streaming service to take up real estate on the popular gaming platform. On Spotify’s “Spotify Island,” Roblox’s users will be able to interact with musical artists, complete game-based quests, purchase merchandise, gain access to exclusive content and create their own music through Soundtrap, a digital audio creation app.

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