(CNN) — Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

Louisiana’s attorney general has filed a lawsuit against Roblox Corporation, claiming the platform enables child predators by failing to implement required safety measures. The state claims that ...

“Roblox is lying to investors, regulators, and advertisers about the number of ‘people’ on its platform, inflating the key metric by 25-42%+,” Hindenburg said.