There are rumors circulating that Roblox will be banned on Sept. 1? So is Roblox actually shutting down? Here's the truth and ...

There are rumors circulating that Roblox will be banned on Sept. 1? So is Roblox actually shutting down? Here's the truth and what's happening.

Roblox posted strong fiscal second-quarter results earlier this month. Bookings jumped 51% to $1.44 billion, beating estimates.

The rumors that Roblox is shutting down emerged as lawsuits allege the gaming platform is not a safe environment for minors.