8/19/2023 0 Comments Who owns roblox stockRoblox’s Class B shares, sometimes referred to as super-voting shares, are all in the hands of David Baszucki, and each one of them has a staggering 20 votes per share.Standard Class A shares traded under the RBLX ticker have one vote per share, and Class A shares are what all shareholders hold except for CEO David Baszucki, who mainly owns Class B shares. The reason why David Baszucki has outsized voting power compared to his ownership stake is that Roblox Corporation has two classes of outstanding shares with different rights. The shareholder with the second largest voting power is Altos Ventures, with a 5.0% share of all votes.Īs you can see above, the size of voting power is not equal to ownership. Roblox is controlled by its co-founder and CEO, David Baszucki, who holds 65.1% of all votes. Will outside investors that got on board after the public listing benefit from the company’s success, or will the benefits mostly be reaped by insiders and original shareholders? □ Who Controls Roblox (RBLX)? That leaves us with the concern relevant to Roblox and many other “hot” companies going public in 2021. But it still has to achieve profitability.ĭavid Baszucki’s pay package was one of the most generous ones in the world in 2021, even though Roblox does not belong to the list of 500 companies. Roblox achieved significant growth in revenue and time users, primarily minors, spend on its platform. Roblox Corporation is incorporated in the State of Delaware (US), but its headquarters are in San Mateo, California (US). Roblox was founded in 2004 by David Baszucki and Erik Cassel and has been a publicly listed company since its direct listing on NYSE in 2021 (Ticker: RBLX). He died of cancer in 2013, far before the Roblox growth of the last few years. Unfortunately, you won’t find him or his family on the list of major shareholders. Roblox had another co-founder Eric Cassel.
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