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" involving Roblox through a Freedom of Information Act request, details remain scarce. The commission cited potential harm to the proceedings as the reason for withholding further information regarding the investigation's subject and Roblox's specific involvement. Roblox itself has not yet commented on the matter.

This investigation comes amidst prior scrutiny of Roblox. Last October, allegations surfaced accusing the company of inflating its daily active user (DAU) numbers 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. Subsequently, in 2024, Roblox announced significant upgrades to its safety features and parental controls.

Further investigations into Roblox include lawsuits filed in 2023 by families alleging misleading claims about the platform's safety for children, and a 2021 report examining potential creator exploitation within the game's 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 focus on its virtual economy, app performance, and AI-driven safety and discovery features.