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How will Roblox stock perform relative to NASDAQ by December 31, 2024?
3
Resolution / Starting Odds
Outperforms NASDAQ • 25%
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Stock performance data from financial platforms such as Yahoo Finance or Bloomberg
Story
Hindenburg Takes Short Position in Roblox; Shares Down 10%, Alleges 'Pedophile Hellscape'
Oct 8, 2024, 12:54 PM
Hindenburg Research has taken a short position in shares of Roblox Corporation, alleging that the company has inflated key metrics for Wall Street and created a dangerous environment for children. The report claims Roblox is misleading investors, regulators, and advertisers by inflating its active user numbers by 25-42%. It also highlights rampant bot activity on the platform and describes Roblox as a 'pedophile hellscape.' Following the release of the report, Roblox shares fell by 10% in premarket trading. Hindenburg criticizes Roblox's 'growth at all costs' approach.
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