Shares of Roblox (NYSE:RBLX) are in red on Friday after multiple reports of backlash against the online gaming platform for not doing enough to protect its young user base against child predators.

Roblox’s stock dropped amid growing concerns over the lack of security measures to protect its large number of child users.

Roblox Corporation ( RBLX -6.37%), the online gaming platform that's especially popular with teens and younger kids, saw its ...

Because Roblox currency is proprietary to the site and does not leave accounts unless it is converted back to cash (each Robux is worth close to $.00095, according to Coinbase), the lawsuit ...

However, after fees and Roblox's cut, the person would end up with $350. This led to some younger devs never cashing out, feeling like they lose too much, and instead spend it on Roblox items.

Roblox executive says children making money on the platform is ‘a gift’ In an interview with Eurogamer, Roblox’s studio head said the platform is life-changing for children who live in poverty.

Roblox (RBLX -0.68%) is a global digital platform with over 70 million daily active users as of the company's 2023 third quarter. This large (and growing) user base logged 16 billion hours on the ...