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Short-selling firm Hindenburg Research said in a report released Tuesday that the videogame platform Roblox has reported inflated user metrics to investors and has favored growth over child safety ...
CNBC's Steve Kovach joins 'The Exchange' with details about Hindenburg's accusations against Roblox.
Hindenburg Research accused Roblox of inflating user metrics, leading to a 9% drop in shares. The firm misrepresented engagement levels, the short seller said.
(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.
Every once in a while, a few stocks come under attack from short-selling firms or, essentially, by anyone that doesn't align with that stock's business or interests. It is tricky for ...
Roblox has been a platform that constantly evolves and a new evolution has come in the form of short-form video uploads!
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.
The short seller noted that reported cases are just the “tip of the iceberg,” suggesting many child abuse cases related to Roblox go undetected by authorities and media.
Roblox shares fell 2.1% Tuesday after short-selling firm Hindenburg Research said in a report that the videogame platform has reported inflated user numbers and favored growth over child safety ...
Shares of Roblox fell Tuesday as short seller Hindenburg Research accused the online gaming platform of overstating its user numbers.