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VisitHindenburg Research Takes Short Position in Roblox, Shares Drop 9% Premarket
Oct 8, 2024, 12:45 PM
Hindenburg Research has issued a critical report on Roblox Corporation, alleging that the company has inflated key user metrics and created a dangerous environment for children, describing it as a 'pedophile hellscape.' The report claims that Roblox has been misleading investors, regulators, and advertisers by inflating its active user numbers by 25-42% and highlights rampant bot activity on the platform. Additionally, Hindenburg has taken a short position in Roblox shares, leading to a 9% drop in premarket trading.
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