The U.S. Securities and Exchange Commission (SEC) is currently investigating Roblox, a popular online game platform, according to a recent Bloomberg report. While the SEC confirmed the existence of an "active and ongoing investigation" referencing Roblox, details regarding the investigation's scope and subject remain undisclosed. The commission cited potential harm to the proceedings as the reason for withholding information. Roblox itself has not yet commented on the matter.
This investigation comes amidst existing scrutiny of Roblox. Last October, allegations surfaced accusing the company of inflating daily active user (DAU) statistics and creating an unsafe environment for children. Roblox vehemently denied these claims, emphasizing its commitment to safety and civility. The company acknowledged potential inaccuracies in DAU figures due to undetected fraud and unauthorized access, and announced significant updates to its safety systems and parental controls in 2024.
Prior to this, Roblox faced lawsuits in 2023 from families alleging misleading statements about the platform's safety for children. A 2021 report also examined concerns about the exploitation of creators through user-generated content.
Recently, Roblox shares experienced an 11% drop following the release of DAU figures (85.3 million) that fell short of analyst expectations (88.2 million). Roblox CEO David Baszucki stated the company's continued investment in its virtual economy, app performance, and AI-driven safety and discovery features.
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