The CEO of Roblox believes the future is bright for the company, following a very successful first day on the stock market where its value reached $45 billion--higher than EA and Take-Two.
David Baszucki told The Wall Street Journal that growth for Roblox is expected to be slower in 2021 compared to 2020 with the world coming out of the pandemic and engagement numbers in video games falling back down to Earth. But on a longer timeline, the executive said Roblox is taking steps to expand the appeal of Roblox beyond GenZ and in more markets around the world.
"We're in this for the long haul," Baszucki said. "The engines that have been powering Roblox's growth up to the pandemic, we see those continuing well into the future."
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