Roblox Corp. shares fell more than 6% Friday after the company, which operates an online video-game service popular with children, was accused in two lawsuits of failing to sufficiently protect youngsters on its platform.

The Roblox Corporation reportedly issued a legal complaint last week to a 22-year-old content creator known as “Schlep,” a self-styled “predator hunter” who claims his investigations led to six arrests of individuals attempting to groom minors on the platform.

Louisiana is suing Roblox for endangering children with its online gaming platform. The state accuses Roblox of prioritizing profits over child safety. Roblox doesn't actually have any profits. 10 stocks we like better than Roblox › Roblox Corporation (NYSE: RBLX),

Louisiana is the first state to sue Roblox, claiming it exposes kids to harmful content and predators, prompting concerns over safety measures in the popular gaming platform for children.