Reported about 13 hours ago
Roblox Corp., the popular gaming platform for youth, is currently involved in an active investigation led by the US Securities and Exchange Commission (SEC), as revealed by Bloomberg. The SEC acknowledged the existence of emails related to Roblox during the investigation but declined to share further details to protect ongoing enforcement actions. This follows prior scrutiny over child safety on the platform and claims of inflated usage metrics by short sellers, causing Roblox's shares to drop significantly.
Source: YAHOO