Roblox, a popular gaming platform, is under investigation by the US Securities and Exchange Commission (SEC), according to CNBC. The SEC has confirmed that there is an "active investigation" into Roblox, but has not disclosed further details. Reports of the investigation first emerged in November 2024, and it is unclear what the investigation is specifically focused on. Roblox has faced previous scrutiny, with Hindenburg Research accusing the company of inflating metrics and raising concerns about child safety. Roblox denies these claims and blames the authors for having a short-selling agenda. Following disappointing fourth-quarter results, Roblox's stock fell by 25.2%. The company reported $1.36 billion in bookings for Q4, with daily users at 85.3 million. Roblox anticipates bookings of between $5.20 and $5.30 billion for 2025 and has mentioned working on initiatives to drive growth in the coming year.



Other News from Today