Hindenburg Hits Roblox With Short Report, Accuses Gaming Platform of Misleading Investors By Inflating Metrics
Benzinga
2024-10-08
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Roblox Corp (NYSE:RBLX) stock plunged on Tuesday after Hindenburg Research issued a short report on the online game platform questioning its metrics such as user numbers.
The report alleged that Roblox inflated key user metrics, claiming daily active users (DAUs) and engagement hours are overstated by 25-42% and over 100%, respectively.
The report alleged that Roblox inflated key user metrics, claiming daily active users (DAUs) and engagement hours are overstated by 25-42% and over 100%, respectively.
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