Cathie Wood Adds 519,000 Shares of Roblox — One Day After its IPO

290
SHARE

In an interview with CNBC, Deppe said: “In private developer communities, there were people that were making stupid amounts of money and we thought we could do that.”
The online game company rewards its developers by sharing 30% of the total revenue from in-game virtual purchases. In a statement, Roblox disclosed that it had paid game developers over $328.7million in 2020—a 200% increase from 2019.

“What used to be a hobby has become a job for an individual person, and now is more and more becoming the foundation for large, incredibly creative studios who are emerging on our platform,” said CEO David Baszucki, who founded Roblox in 2004.