Written by Dante Uzel on 12 February 2025 13:24
Roblox is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC), according to a recent Bloomberg report. A response to a Freedom of Information request revealed the company’s involvement in the ongoing inquiry. However, the SEC has declined to share further details, citing concerns that releasing more information could harm "the ongoing enforcement proceeding."
No additional specifics about the investigation have been disclosed at this time.
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Back in October, Roblox rejected allegations made by Hindenburg Research, which claimed that the company had inflated metrics for investors and failed to properly protect minors. In a statement, Roblox responded: "The financial claims made by Hindenburg are misleading. The authors are short sellers and have an agenda irrespective of the substance of Roblox's business model and results."
In response to concerns about protecting minors, the company added: "Roblox takes any content or behaviour on the platform that doesn't abide by its standards extremely seriously, and has a set of proactive and preventative safety measures designed to catch and prevent malicious or harmful activity on the platform."
Tags: Roblox
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