[Featured Stock] Giant Step Soars 20% Intraday on Roblox Surge Effect
![[Featured Stock] Giant Step Soars 20% Intraday on Roblox Surge Effect](http://www.asiae.co.kr/news/img_view.htm?img=2022101809345472087_1666053294.jpg)
[Asia Economy Reporter Minji Lee] Giant Step, considered a metaverse-related stock, is showing an intraday rise of over 20%.
At 9:28 a.m. on the 18th, Giant Step was trading at 19,850 KRW, up 21.04% from the previous trading day. The company's stock price surged to as high as 20,650 KRW during the session.
This is analyzed to be influenced by the nearly 20% rise of Roblox, a metaverse gaming company, in the U.S. stock market the previous day.
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Roblox announced last month that its daily active users reached 57.8 million, a 23% increase compared to the same month last year, which led to a significant rise. Total usage time increased by 16% to 4 billion hours, and estimated booked revenue was between 212 million and 219 million USD, expected to be 11-15% higher than a year ago.
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