Roblox shares slide after short-seller Hindenburg accuses platform of ‘lying to investors'
Roblox(RBLX) New York Post·2024-10-09 00:22
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. Roblox shares fell as much as 9% after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform. The stock was recently down 3% at $40.06. This was based on its definition that the metric is not a measure of "unique individuals accessing Roblox," Hindenburg said, ...