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Roblox Tops $45 Billion on First Day of Trading as Gaming Booms



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When the pandemic forced people indoors a year ago, many passed the time by playing games on their iPhones, building gaming computers and exploring the latest blockbuster titles on their Xbox and PlayStation consoles.For video game companies, that has meant gushers of cash. A record $56.9 billion was spent on gaming last year in the United States, up 27 percent from 2019, according to the NPD Group. Sony, which released the PlayStation 5 in November, recently reported a 62 percent profit jump while Microsoft tallied $5 billion in quarterly gaming revenue for the first time, helped by sales of its new Xbox devices.On Wednesday, …

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