RBLX - Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Roblox Corporation (RBLX) | Benzinga

SAN DIEGO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Roblox Corporation (NYSE:RBLX) Class A common stock between March 10, 2021 and February 15, 2022. Roblox operates a video game platform that provides developers with tools to create games that are hosted on the Company's servers.

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What is this Case About: Roblox Corporation (RBLX) Failed to Disclose the Company's Bookings and Revenue Growth was Unsustainable

According to the complaint, during the class period, defendants failed to disclose that: (1) the Roblox platform had insufficient content controls and lacked user spending restrictions; (2) these inadequate controls enabled younger Roblox users to play games with inappropriate content and make excessive, unauthorized Robux purchases; (3) a material portion of Roblox's bookings and revenue growth was due to these excessive, ...

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