A research firm shorts Roblox because the game company is allegedly misleading investors, lying about user numbers, and facilitating illicit behavior with minors. Roblox denies the accusations.
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Short Seller Hindenburg Goes After Roblox
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.
A screenshot suggesting Roblox CEO David Baszucki's account was suspended ignited panic and speculation within the Roblox community. Fueled by a popular YouTuber's comment about a potential internal ...
The Roblox logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 31, 2024. (Photo Illustration by Jaque Silva/NurPhoto via Getty Images) Credit: NurPhoto ...
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