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Will Roblox sue Hindenburg Research by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court filings or official announcements from Roblox
Story
Roblox Shares Fall 10% After Hindenburg Research Short Position
Oct 8, 2024, 01:49 PM
Roblox shares fell significantly, dropping 9% premarket and 10% during trading, after Hindenburg Research announced a short position in the company, accusing it of inflating key user metrics and failing to address safety concerns on its platform. The report alleges that Roblox has been misleading investors, regulators, and advertisers by overstating daily active users and engagement hours by 25-42%. Additionally, Hindenburg's report describes the platform as a 'pedophile hellscape' due to inadequate content moderation, which allows inappropriate content and potential grooming of young users. In response, Roblox has strongly denied the claims, stating to CNBC that the financial allegations made by Hindenburg are misleading.
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Similar markets
Yes • 50%
No • 50%
Denies allegations • 25%
Admits some allegations • 25%
Settles with Hindenburg • 25%
Takes legal action against Hindenburg • 25%
Lawsuit against Hindenburg • 25%
Settlement with Hindenburg • 25%
Public apology • 25%
No further action • 25%
Deny allegations • 25%
Acknowledge and promise changes • 25%
Legal action against Hindenburg • 25%
No official response • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
