Roblox Announces First Share Buyback Program Worth Up to $3 Billion

Roblox (RBLX) announces its first share buyback program worth up to $3 billion on May 19. Of this amount, up to $1 billion is to be repurchased from the market in the next 12 months. CFO Naveen Chopra emphasized: "The approval of Roblox's very first share buyback program today is a testament to our confidence in the long-term opportunities." Roblox continues to consider investments in sustainable growth as a "top priority," but is leveraging the strength of its balance sheet and the generation of free cash flow for industry-leading innovation while...