An Iowa family has filed a lawsuit against Roblox, alleging that their daughter was groomed on the platform before she was taken from her grandmother's home and later found in Jefferson County, Tennessee.

Roblox (NYSE: RBLX) is one of the few successes of the metaverse craze that has since been replaced by artificial intelligence (AI) mania. The platform allows users to create and play 3D games, powered by its Roblox Studio and Client apps.

A mother and daughter, who live in Outagamie County, are suing the popular video game app, alleging the 5-year-old was sexually exploited.

Crucially, even after this dip, the stock remains relatively expensive. This high valuation, combined with a track record of only slow and modest rebounds from previous..