The U.S. Securities and Exchange Commission (SEC) is currently investigating Roblox, a popular online game platform, according to a recent Bloomberg report. The SEC confirmed the existence of an "active and ongoing investigation" referencing Roblox in response to a Freedom of Information Act request. However, the specifics of the investigation remain undisclosed, as the SEC cited potential harm to the proceedings as the reason for not releasing further information. Roblox has not yet commented on the matter.

Roblox has faced scrutiny previously. Last October, it was accused of inflating its daily active user (DAU) numbers and creating a harmful environment for children. Roblox vehemently denied these claims, emphasizing its commitment to safety and civility. The company acknowledged potential inaccuracies in DAU figures due to undetected fraud and unauthorized access, and announced significant updates to its safety and parental control systems in 2024. Further, lawsuits were filed in 2023 alleging misleading statements about the platform's safety for children, and a 2021 report examined potential exploitation of creators through user-generated content.

Recently, Roblox shares experienced an 11% drop after reporting 85.3 million daily active users, falling short of analyst expectations of 88.2 million. CEO David Baszucki stated the company's continued investment in its virtual economy, app performance, and AI-driven safety and discovery features to improve creator tools and user experience. The nature of the SEC's investigation remains unclear, pending further information.