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.

Rumors have been swirling that popular online gaming platform Roblox is shutting down. Roblox allows users to make a virtual universe and participate in millions of games and interactive environments.

It is the latest target of Hindenburg, whose reports have knocked shares of companies owned by billionaire-investor Carl Icahn and India’s Gautam Adani.