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VisitWhat will be the outcome of Roblox's reported active user numbers by June 30, 2025?
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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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