i spoke with ceo david baszucki, along with my colleague guy johnson. taking the long view and respecting our community, we are so excited today that everyone is coming together, our long-term employees, our amazing investors who have been with us for a long time and really supported us, our new investors, who were really excited to -- who we are really excited to bring into our community, and possibly smaller investors who are familiar with roblox. we love the direct listing for roblox because we are all going to come together in the first trade will be at the same price for everyone. emily: speaking of smaller investors, are you concerned about becoming a meme stock target? analysts out there say retail traders could take you on like name stop. david: one of our values is, take the long view. and with the company over the last seven months as we started talking about coming here to be public, it is really looking to the future. we are looking to years out. we are focused on building the platform, the technology, building an amazingly civil society, fi

joining us is roblox ceo david baszucki with bloomberg's emily chang.k you for joining us. this is a big day for you. obviously, we are still waiting for shares to start trading, but i do want to ask you, ipo versus direct listing, i know you thought about an ipo in the past, how are you feeling about that decision at this moment, when ipos have been doubling and we are in such a volatile market? david: we thought about this a lot. we have a value around our community, taking the long view in respecting the community. what we are so excited about today is that everyone is coming together. our long-term employees, some of our amazing investors who have been with us for a long time and never really supported us. our new investors who we are really excited to bring into our community, and possibly small investors who are familiar with roblox. we love the direct listing for roblox because we are all going to come together and that first trade will be at the same price for everyone. emily: speaking of smaller investors, are you at all concerned about becomin

emily: my interview there with roblox ceo david baszucki. we will keep our eye on them.oming up, a big pushback from facebook as it makes its first formal response to a massive ftc lawsuit. all the details on this high-stakes battle, next. this is bloomberg. ♪ oomberg. ♪ >> big tech is now more powerful than ever. yes, they are more powerful economically. we rely on them more economically. they are more powerful socially. we rely on them more for our connections. and they are more powerful politically. we need to break up big tech. emily: senator elizabeth warren there with bloomberg's kevin cirilli talking about her concerns about the power of big tech, calling for a breakup. facebook has filed a formal notion to a federal judge to dismiss an antitrust lawsuit by the ftc, saying the government is attempting a do over, trying to unwind acquisitions that got approval years ago. joining us for more is david. what is facebook's argument here and could they actually get this suit thrown out? david: well, certainly that is what they are trying to do, to knock it out of court

i think i even read david baszucki assumes almost 70% of america's youth are on roblox daily.ot daily, but >> right you certainly see it if you're a parent now key to your success as an infl influencer you didn't rely on one platform. i believe your original platform was youtube. you did branch into roblox and that has proved extremely lucrative to you leading to a seven figure salary, is that right? >> yes >> what is the biggest source of your revenue and earnings across all these platforms, and has roblox been the most lucrative >> mm-hmm, yeah. that's a really good question. i did start on yup and then we decided we wanted to have more control over the content we were producing and thought we would create our own games roblox gives us the tools and education factors and resources to hire amazing developers to create the games we went into game development and we launched a game and the game, i would say, is way more lucrative than actual youtube cpms and stuff like that it is quite shocking to a lot of people, and a lot of people don't believe us when we say that but, hones

joining us first on cnbc, roblox founder and ceo david baszucki nobody in my house has builderman, davided about this interview than any interview we've ever done on "squawk," you've got that going for you. congratulations on the listing today. let's talk about the story, though, and what happens to this company in a post-pandemic world. you've had incredible growth a company balanced at $4 billion a year ago now worth $30 billion. the revenue has also been on fire but of course, losses pile up at the same time. tell us what you're thinking about what this company even looks like a year from now, given now unique this past 12 and 18-month period has been >> okay, first, andrew, thanks for having us on the show. what a great day for the roblox community as well. we know a lot are watching us. we're just so grateful to be here and we appreciate it. we hope covid ends as soon as possible, we want to get back to normal roblox has been growing for 15 years, driven by our community, given by the awesome content driven by our creators and driven by the ability for people to do things together.