Roblox Under Scrutiny | Federal Investigations, Child Safety, and More
In this episode, lawyer Richard Hoeg delves into the complexities surrounding Roblox, its platform, and the recent scrutiny it faces. He begins with an overview of Roblox's popularity and the criticisms it has attracted. The discussion then shifts to the SEC's investigation into Roblox, explaining securities and the implications of Bloomberg's reporting on child safety. Richard also examines short selling, focusing on Hindenburg Research's report and its potential impacts on Roblox. The episode further explores user screening, COPPA implications, and the importance of transparency in ongoing investigations, concluding with closing remarks and audience engagement. SUPPORTING THE CHANNEL PATREON - https://www.patreon.com/VirtualLegality STORE - https://virtuallegalityshop.myshopify.com
Key Points
- The SEC is investigating Roblox, but the exact focus of the investigation remains unclear, though it likely pertains to transparency and accurate reporting of user metrics.
- Roblox has faced scrutiny over child safety concerns, including allegations of allowing inappropriate content and predatory behavior, but these issues are separate from the SEC's primary focus.
- The SEC is responsible for protecting investors and ensuring market transparency, not for enforcing child protection laws or addressing labor exploitation, which fall under the jurisdiction of other federal agencies like the FTC and the Department of Labor.
LINKS
ROBLOX INVESTIGATION https://www.gamedeveloper.com/business/sec-confirms-active-and-ongoing-investigation-into-roblox https://www.bloomberg.com/news/articles/2025-02-07/sec-confirms-game-service-roblox-part-of-active-investigation
FOIA https://www.foia.gov/about.html https://www.foia.gov/
AGENCIES https://www.sec.gov/about https://www.ftc.gov/legal-library/browse/rules/childrens-online-privacy-protection-rule-coppa https://www.dol.gov/agencies/whd/contact/complaints https://www.justice.gov/criminal/criminal-ceos/keeping-children-safe-online
Chapters
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Transcript
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