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Roblox stock dropped Tuesday after the short-seller Hindenburg Research accused the gaming platform of inflating user metrics and deceiving investors.
Gaming Industry Roblox Roblox clashes with an 'activist short-seller' who's going after its share price with accusations that it's running a 'pedophile hellscape' and lying about user numbers ...
Roblox's stock dropped 10% after short-seller Hindenburg accused it of inflating user numbers. Some of Hindenburg's previous reports have led to SEC investigations and indictments. But after the ...
The short-seller alleged that Roblox's user number takes into account daily active users, which could include bots or players with multiple accounts. "Our research indicates that Roblox is lying to ...