Hindenburg Hits Roblox With Short Report, Accuses Gaming Platform of Misleading Investors By Inflating Metrics
Roblox Corp (NYSE: RBLX) stock down on report of short position by Hindenburg Research. Doubts key metrics such as user numbers, engagement. Concerns over child safety, insider stock sales, executive turnover.
Hindenburg Research goes short on Roblox, alleging inflated metrics
The company conflated "people" with its daily active users, based on its own definition of DAUs which says the metric is not a measure of "unique individuals accessing Roblox". Roblox did not immediately respond to a Reuters request for comment.
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