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.

The rumors come amid Louisiana's lawsuit against Roblox, alleging it has failed to protect child users from predators.

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.

This is not the first time that rumors of Roblox shutting down have surfaced all over social media. In the past, news about Roblox being shut down has spread and repeatedly, those were denied.

No, rumors of Roblox getting shut down are false despite viral social media claims.

Roblox Corporation (NYSE: RBLX), the online gaming platform that's especially popular with teens and younger kids, saw its stock sell off hard this morning -- down more than 10%.

Roblox users are reporting widespread login issues and receiving an "Unknown error occurred" message.

Roblox Corporation (RBLX 3.94%), the online gaming platform that's especially popular with teens and younger kids, saw its stock sell off hard this morning -- down more than 10%.