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 regarding the investigation's scope and subject remain undisclosed. The SEC cited potential harm to the ongoing proceedings as the reason for withholding further information. Roblox itself has not yet commented on the matter.

Roblox has faced scrutiny previously. A 2023 report alleged the company inflated its daily active user (DAU) figures and created 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 statistics and announced significant updates to its safety and parental control systems in 2024. Additionally, lawsuits from families in 2023 accused Roblox of misleading claims about the platform's safety for children, and a 2021 report examined potential exploitation of creators through user-generated content.

Last week, Roblox shares experienced an 11% drop following the company's report of 85.3 million daily active users, falling short of analysts' expectations of 88.2 million. Roblox CEO David Baszucki stated the company's continued investment in its virtual economy, app performance, AI-driven safety and discovery features, creator empowerment, and user experience enhancements.