Shares of Roblox (NYSE:RBLX) are in red on Friday after multiple reports of backlash against the online gaming platform for not doing enough to protect its young user base against child predators ...

Roblox penned a lengthy post on its website detailing new rules aimed at preventing inappropriate behavior or content.

The lawsuits allege that Roblox prioritized its profits over child safety. The gaming platform rebuts claims it would intentionally risk the safety of its users.

Roblox (RBLX) stock drops 9% amid lawsuits & backlash over child safety concerns. Learn how the crisis impacts its reputation and business model.