Roblox Inflated Data And Doesn't Protect Underage Gamers, Short Seller Alleges—Stock Falls 6%
Roblox(RBLX) Forbes·2024-10-08 22:15
Topline Influential short seller Hindenburg Research revealed Tuesday it took a short position against kids-oriented video game platform Roblox, accusing the company of inflating key metrics of user engagement and of inadequately protecting children from disturbing content, causing Roblox's share price to tumble. Roblox went public in 2021, and had a roughly $25 billion market value as of Tuesday, about a third ... [+] of its peak valuation of more than $75 billion in late 2021 as its share price faded alon ...