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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.
A short seller report claims Roblox intentionally includes bots and alt accounts in its user numbers and fails to adequately protect children.
“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. What do you think?
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 ...
But Hindenburg’s main insight is that Roblox has been lying about their profitability and growth to investors and the public.
Roblox stock dropped Tuesday after the short-seller Hindenburg Research accused the gaming platform of inflating user metrics and deceiving investors.
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