Roblox Corp. shares are down 3.3% Tuesday after short seller Hindenburg Research alleged that the online gaming company has inflated key metrics. Roblox (RBLX) said that it totally rejects ...
The short-seller Hindenburg Research accused Roblox of lying to investors and inflating user data. Shares in the company fell as much as 9.4% on Tuesday. Hindenburg also said the gaming platform was ...
Roblox has rejected claims in a new report that accuses the company of misleading investors by inflating key metrics, as well as failing to protect young users from sexual predators and inappropriate ...
(Reuters) -Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers and engagement.
Shares of Roblox were trading sharply lower after a report from short seller Hindenburg Research alleged Tuesday that the videogame platform has inflated user metrics and put child safety at risk.
Hindenburg Research claimed Roblox overstated its user metrics and prioritized growth over child safety in a report published on October 8. The research company, based on interviews with former staff ...
Update, 4 p.m. PT, October 8: Roblox has posted a lengthy statement to its Investor Relations website refuting the Hindenburg Research report, calling the financial claims "misleading" and asserting ...
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