The popular online game platform Roblox is currently under investigation by the U.S. Securities and Exchange Commission (SEC), according to a recent Bloomberg report. While the SEC confirmed the existence of an "active and ongoing investigation" referencing Roblox, details remain scarce. The commission cited ongoing enforcement proceedings as the reason for withholding further information regarding the nature and scope of the investigation. Roblox itself has not yet commented publicly.
Roblox has faced scrutiny previously. Last October, a report alleged the company inflated its daily active user (DAU) statistics and created a harmful environment for children. Roblox vehemently denied these accusations, emphasizing its commitment to safety and civility. The company acknowledged potential inaccuracies in DAU figures due to undetected fraud and unauthorized access. In 2024, Roblox announced significant upgrades to its safety features and parental controls.
Further allegations include lawsuits filed in 2023 by families claiming misleading statements regarding the platform's safety for children, and a 2021 report examining potential exploitation of creators through user-generated content.
Last week, Roblox shares experienced an 11% drop following the company's report of 85.3 million daily active users, falling short of analyst expectations. CEO David Baszucki stated that Roblox will continue investing in its virtual economy, app performance, and AI-driven safety and discovery features to support creators and improve user experience.
