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Roblox Corporation (NYSE: RBLX) shares are trading lower Friday as the stock faced competing pressures from analyst support, unusual options activity and ongoing legal challenges.
“What Roblox represents as a safe, appropriate space for children is, in fact, a digital and real-life nightmare for kids,” the lawsuit, filed by Dolman Law Group, stated.
Louisiana Attorney General files lawsuit against Roblox, alleging inadequate child safety measures and enabling illegal actions against minors.
Critics have long alleged that Roblox doesn't do enough to protect kids from predators or inappropriate content.