Roblox, Louisiana and Child Protection
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The lawsuit comes after Roblox sent a cease-and-desist notice to a YouTuber known for exposing predators on the gaming platform. Roblox said that was creating 'an unsafe environment.'
That means children potentially have access to "experiences" like Escape to Epstein Island, Diddy Party, and Public Bathroom Simulator Vibe, all of which were cited in the lawsuit as examples of "highly inappropriate" content accessible on Roblox.
Chris Hansen from 'To Catch a Predator' has announced he is investigating Roblox and is being assisted by the recently banned YouTuber 'Schlep.'
Roblox’s stock dropped amid growing concerns over the lack of security measures to protect its large number of child users.
The main reason why Roblox has been going against this wave of Roblox vigilantes is that they argue it creates “an unsafe environment for users.” This was revealed in a recent statement by Roblox’s Chief Safety Officer, Matt Kaufman.
Roblox CEO David Baszucki's profile appears to have been temporarily suspended, raising questions from the online platform's players.
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Roblox Sued by State of Louisiana, Which Alleges Platform Facilitates Sexual Exploitation of Kids
Louisiana's attorney general is suing Roblox, alleging it has and continues to "facilitate the distribution of child sexual abuse material and the sexual exploitation of Louisiana’s children."
Roblox talked about community-led vigilante groups following the company’s legal action against well-known figure Schlep
Roblox Corporation ( RBLX -6.37%), the online gaming platform that's especially popular with teens and younger kids, saw its stock sell off hard this morning -- down more than 10%. The shares have clawed back some of their losses as the day progresses, but as of 11:10 a.m., they remain down 7.1%.
Louisiana's state attorney general has sued Roblox Corporation for perpetuating "an online environment in which child predators thrive."
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Zacks Investment Research on MSNRBLX Stock Trades at Premium Value: Should You Buy, Sell or Hold?
Roblox Corporation RBLX is currently trading at a forward 12-month price-to-sales ratio of 12.45X compared with the Zacks Gaming industry’s average of 3.67X and the broader Consumer Discretionary sector’s 2.