RBLX investors get the chance to participate in Roblox Corporation’s securities fraud investigation with Schall law firm

Schall Law Firm, a national law firm focused on shareholder rights litigation, announces that it is investigating claims alleging violations of the securities laws on behalf of investors of Roblox Corporation (“Roblox” or “the Company”) (NYSE: RBLX).

The investigation focuses on whether the Company made false and/or misleading statements and/or failed to disclose information relevant to investors. Roblox misrepresented the reliability of its revenue projections from sources such as its shared economy with content creators and advertising. The Company had little certainty about its revenue and struggled to convert Daily Average Users (“DAUs”) into paying customers. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Roblox, investors suffered.