RBLX Investors Have the Opportunity to Lead Roblox Corporation Securities Fraud Lawsuit

LOS ANGELES, June 25, 2024

Investors who purchased the Company's securities between November 15, 2023 and May 8, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 12, 2024.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Roblox misrepresented the reliability of its revenue projections from sources such as its shared economy with content creators and advertising. The Company actually had little certainty about its revenues 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 damages.