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 investigation referencing Roblox, details remain scarce. The commission cited ongoing enforcement proceedings as the reason for withholding information related to the investigation's subject and scope. Roblox itself has not yet commented on the matter.
This investigation follows previous scrutiny of Roblox. Last October, allegations surfaced accusing Roblox Corporation of inflating daily active user (DAU) statistics and creating a harmful environment for children. Roblox vehemently denied these claims, emphasizing its commitment to safety and civility. The company acknowledged the possibility of undetected fraud and unauthorized access impacting DAU figures and announced significant updates to its safety and parental control systems in 2024.
Prior to this, lawsuits were filed in 2023 by families alleging misleading statements regarding the platform's safety and suitability for children. A 2021 report by People Makes Games also examined Roblox's user-generated content and potential exploitation of creators.
Recently, Roblox shares experienced an 11% decline after the company reported 85.3 million daily active users, falling short of analyst expectations of 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.
