Roblox is without doubt one of the hottest gaming platforms, however there could also be hassle forward. The US Securities and Alternate Fee has confirmed that Roblox is “a part of an lively and ongoing investigation.”
Hunterberg Media initially reported final fall that Roblox was underneath investigation by the SEC over costs that it “inflated key metrics” for buyers on Wall Avenue and for its lax security measures concerning potential baby predators on the platform. The SEC didn’t affirm that Roblox’s father or mother firm, The Roblox Company, is underneath investigation. Nevertheless, Bloomberg has confirmed that the SEC refused to supply particulars of its investigation as a result of it could “hurt… the continuing enforcement continuing.”
In November 2024, The Roblox Company laid out new security tips for kids on the platform. Kids underneath the age of 13 are now not allowed entry to unrated experiences created inside Roblox, and solely kids 13 and older will probably be allowed to make the most of the social hangouts and free-form user-creation experiences. That transfer got here after a earlier Bloomberg story which famous that The Roblox Firm reported over 13,000 cases of kid exploitation to authorities in 2023. Furthermore, two dozen folks had been arrested for abusing kids after making contact with them by the platform.
The Roblox Company responded to that report by touting its cooperation with regulation enforcement to fight criminal activity on the platform. It additionally steered that Bloomberg’s report did not contextualize the size of the kid exploitation drawback with Roblox’s giant person base.
Throughout final 12 months’s Roblox Builders Convention, The Roblox Company reiterated its plans to achieve 1 billion each day lively customers. If it is confirmed that The Roblox inflated its present estimate of each day Roblox customers to buyers, that would probably result in extreme penalties from the SEC.