Roblox Referenced in Active SEC Investigation, Report Confirms

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 scope and subject of the inquiry 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 follows previous scrutiny of Roblox. Last October, a report alleged the company inflated its daily active user (DAU) figures and created a harmful environment for children. Roblox vehemently denied these claims, highlighting its commitment to safety and user civility, while acknowledging potential inaccuracies due to undetected fraud and unauthorized access. In 2024, the company announced significant upgrades to its safety features and parental controls.

Prior to this, Roblox faced lawsuits in 2023 from families alleging misleading claims about the platform's safety for children. A 2021 report also examined concerns about the exploitation of creators within Roblox's user-generated content system.

Recently, Roblox shares experienced an 11% drop after the company reported 85.3 million daily active users, falling short of analyst expectations of 88.2 million. CEO David Baszucki stated that the company plans to continue investing in its virtual economy, app performance, and AI-driven safety and discovery features.