The popular live service game Roblox is currently under scrutiny by the U.S. Securities and Exchange Commission (SEC) as part of an active and ongoing investigation, according to a recent report from Bloomberg. The SEC confirmed the existence of internal emails referencing Roblox but declined to share further details, citing potential harm to the ongoing enforcement proceedings. The specifics of Roblox's involvement in the investigation remain unclear, and neither Roblox nor the SEC provided additional comments on the matter.
Roblox has faced various criticisms in the past. Last October, a report accused Roblox Corporation of inflating its daily active user (DAU) statistics and creating an unsafe environment for children. Roblox strongly refuted these claims on its website, emphasizing that "safety and civility" are central to its platform. They acknowledged, however, that undetected fraud and unauthorized access could lead to an overstatement of DAUs. In 2024, Roblox announced significant updates to enhance its safety systems and parental controls.
In 2023, families filed lawsuits against Roblox, alleging the company misrepresented its ability to ensure the site was safe and suitable for children. Additionally, a 2021 report by People Make Games examined whether Roblox's user-generated content exploited its creators.
Last week, Roblox shares dropped by 11% after the company reported 85.3 million daily active users, falling short of the StreetAccount estimate of 88.2 million. In response, Roblox CEO David Baszucki stated that the company would continue to invest in its virtual economy, app performance, and "AI-powered discovery and safety," with a focus on empowering creators and enhancing the user experience.
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