But how it deals with its enormous scale, and whether Roblox will ever fairly reward the child creators who make it what it is, are questions that make $234 million seem like pocket-change.The compensation package for David Baszucki, the founder and Chief Executive Officer of gaming platform Roblox Corp (RBLX), stood at $232.8 million in 2021, compared with $6.8 million a year ago.Īccording to a Roblox regulatory filing, a major part of the pay package was comprised of a long-term performance award estimated at $232.2 million. No-one should dispute that the people who built this platform deserve to be richly rewarded, and indeed they will be. Roblox is clearly going to be here for a good while to come: it almost feels too big to fail, in the immediate future anyway. Roblox faces further (and repeated) allegations that it just doesn't do enough to protect its young audience from scammers. It continues to face considerable challenges and legitimate criticisms about how it does business: whether that's a miserly revenue split with the children who create in Roblox or the platform being used to groom and endanger kids. Roblox became a public company in March last year and, at the moment, the direction of travel is upwards. Roblox frequently trumpets the success stories on the platform, but the business model is all about creaming off the lion's share of all money that goes through it. It's that Roblox is a platform built on the labour of its young audience-and they're able to make money from their creations, but only after Roblox Corporation takes an eye-watering 72% cut. The issue isn't really one well-paid executive (actually, the filing shows a whole bunch of 'em, though none on the CEO's level). He should and will benefit handsomely from that: and says in another part of the filing that "one of his many goals was to use the wealth that has been created through his ownership in Roblox as a means to promote many charitable causes in which he believes." Baszucki says the "net proceeds" of the award will be used for philanthropic purposes. Of course, it's easy to take pot-shots: Baszucki founded this platform and has led it to incredible success. Well if someone offered me $234 million I daresay I'd be particularly receptive too.
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