Roblox is a Part of SEC Investigation

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Roblox.jpg
Roblox is a Part of SEC Investigation

Drama

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.

More:Dead Astronauts Secures €4m

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."

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Roblox.jpg
Roblox is a Part of SEC Investigation

Drama

12 February 2025 13:24

Tags: Roblox

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.

More:Dead Astronauts Secures €4m

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."

Share:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Games Industry.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
Roblox at Crosshairs

A growing network of illegal casinos is reportedly allowing children to gamble on Roblox, according to a Sky News investigation....

Drama

Dec 18, 2024

News Image
Donald Trump Tags Roblox

In an unusual move, former President Donald Trump tweeted at the Roblox Twitter Community (R.T.C.), a fan account focused on...

Business

Oct 03, 2024

News Image
Roblox to Introduce a New Revenue Scheme for Devs

Roblox is enhancing its revenue-sharing model as it aims for 1 billion users. At its annual developers conference in San...

Business

Sep 09, 2024

News Image
Roblox Banned in Turkey

Roblox has been banned in Turkey due to concerns over "child exploitation," as announced by the Turkish Ministry of Justice....

Drama

Aug 08, 2024

News Image
Roblox China Layoffs Announced

According to recent news, Roblox China announced a series of layoffs. The company revealed that all the employees affected by...

Business

Oct 24, 2023

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