Roblox Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The filed complaint asserts that the defendants have been accused of making false statements or concealing the following information:
- That the Roblox platform lacked adequate content controls and did not have restrictions on user spending.
- These insufficient controls allowed younger Roblox users to access games with inappropriate content and make unauthorized Robux purchases excessively.
- A significant portion of Roblox’s bookings and revenue growth stemmed from these excessive and unauthorized Robux purchases.
- The introduction of enhanced parental controls by Roblox in the fourth quarter of 2021 and 2022 would have a negative impact on bookings.
- Consequently, it is claimed that the Company’s bookings and revenue growth were not sustainable throughout the class period.
