Roblox has announced it will allow creators on its platform to sell access to their experiences in fiat currency in the company’s first expansion from its digital “Robux” currency.

Roblox (NYSE: RBLX) stock rocketed 46% over the last year to a recent 52-week high of $62.42. The popular gaming platform reported accelerating growth in key metrics like daily active users ...

Roblox is going after a big opportunity, where management believes it can reach 1 billion users over time, but at these lofty highs, investors can likely find better values from other growth stocks.