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Business Insider
an hour ago
- Business Insider
Roblox case at SEC concluded in May, Bloomberg reports
The SEC concluded a case involving video-game platform Roblox (RBLX) in May, according to Bloomberg's Cecilia D'Anastasio, citing a document seen by Bloomberg News. The case was opened in October and finished seven months later, according to a May 13 'Case Closing Report.' The document does not describe the nature of the investigation or whether it made any determination, Bloomberg added. Representatives for Roblox and the SEC declined to comment. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.


The Verge
10 hours ago
- The Verge
Louisiana sues Roblox for creating an environment where ‘child predators thrive'
The state of Louisiana has filed a lawsuit against Roblox, alleging that the company has 'permitted and perpetuated an online environment in which child predators thrive, directly contributing to the widespread victimization of minor children in Louisiana.' Roblox sees more than 111.8 million daily active users, and it's hugely popular with children, with users under 13 comprising nearly 40 percent of players last quarter. However, the platform has come under significant scrutiny over reported failures to protect children on the platform, with Bloomberg publishing a major report last year about predators on Roblox and the investment firm Hindenburg Research alleging that its research revealed 'an X-rated pedophile hellscape.' In recent months, Roblox has taken steps to bolster its child safety features, including introducing parent accounts that can manage their child's account and the ability for parents to block people on their child's friend list. But Louisiana alleges that Roblox's 'deliberate failure to implement effective safety measures to protect child users from well-documented predatory threats, along with its ongoing failure to warn parents and children of the foreseeable dangers posed by its platform, has directly facilitated the widespread sexual exploitation of minors and inflicted severe, lasting harm upon the children of Louisiana,' according to the complaint. 'Roblox is overrun with harmful content and child predators because it prioritizes user growth, revenue, and profits over child safety,' Attorney General Liz Murrill says. 'Every parent should be aware of the clear and present danger poised to their children by Roblox so they can prevent the unthinkable from ever happening in their own home.' In a statement to Bloomberg, an unnamed Roblox spokesperson says that 'we dedicate substantial resources, including advanced technology and 24/7 human moderation, to help detect and prevent inappropriate content and behavior, including attempts to direct users off platform, where safety standards and moderation may be less stringent than ours. While no system is perfect, Roblox has implemented rigorous technology and enforcement safeguards, including restrictions on sharing personal information, links, and user-to-user image sharing. The safety of our community is a top priority.' Roblox didn't immediately reply to a request for comment from The Verge. Seven lawsuits regarding child predator issues have been filed against Roblox in a 'little over two weeks,' Bloomberg reports. This week, Roblox published a post on its website about why it removes what it describes as 'vigilantes' who try to catch bad actors on Roblox by using tactics 'similar to actual predators.' One user, who goes by 'Schlep' and says on his X profile that he has contributed to '6 Roblox arrests and counting,' posted screenshots on X last week of what he says was a cease-and-desist letter by Roblox. Posts from this author will be added to your daily email digest and your homepage feed. See All by Jay Peters Posts from this topic will be added to your daily email digest and your homepage feed. See All Entertainment Posts from this topic will be added to your daily email digest and your homepage feed. See All Gaming Posts from this topic will be added to your daily email digest and your homepage feed. See All News


New York Times
11 hours ago
- New York Times
Mali's Junta Accuses Frenchman of Plot to Overthrow the Military Government
The junta that governs Mali said Thursday that it had foiled an attempted coup and arrested several individuals, including Malian military personnel and a French national it accused of organizing the plot. Mali, a landlocked country in Western Africa, has typified the turmoil that has rocked countries across the Sahel for more than a decade, including Islamist insurgencies, political instability, military takeovers and a decline in their relationship with France, a former colonizer. Among those arrested was a man the government identified as Yann Vezilier, a French citizen whom it accused of being a spy. In a statement broadcast by state television on Thursday, Gen. Daoud Aly Mohammedine, Mali's minister of security, accused Mr. Vezilier of working 'on behalf of the French intelligence service, which mobilized political leaders, civil society actors and military personnel.' The French Ministry of Foreign Affairs did not immediately respond to a request for comment or even confirm Mr. Vezilier's nationality. Several other civilians and Malian military officials were also arrested for 'criminal offenses' related to a plot that General Mohammedine said began on Aug. 1. The general released scant other details about the nature or extent of the crimes. Mali has been ruled by a military government since August 2020, when the military exploited widespread public anger over a disputed parliamentary election. A second coup followed just nine months later. France maintained a contingent of troops in the country from 2013 until August 2022, when the junta expelled the forces in exchange for Russian mercenaries. That coup set into action a chain of similar military takeovers across the region, with soldiers seizing power across a belt of countries nine times between 2020 and 2023. Mali, Burkina Faso and Niger — all ruled by military governments — officially withdrew from the West African alliance known as ECOWAS in January after the bloc pressured them to restore civilian leadership. Since Mali's government came to power, human rights groups have accused it of cracking down on dissent and political opposition.