Reported 3 days ago
Roblox, a popular gaming platform, is under an SEC investigation related to a short-seller report questioning its user safety and business practices. Despite substantial growth in users and revenue, the company has not achieved profitability, posting consistent losses over $900 million annually. Investors face significant risks due to the company's uncertain financial future and potential need for debt or stock offerings to sustain growth, making it a stock to watch cautiously.
Source: YAHOO