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Market
Will Roblox's stock drop by 20% or more from October 8, 2024, levels by January 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available stock market data, specifically Roblox's stock price on platforms like Yahoo Finance or Bloomberg
Story
Hindenburg 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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