Sat. Dec 21st, 2024

Roblox Stock Drops After Hindenburg Research Short Report

Roblox Corporation’s stock price dropped significantly on Wednesday following the release of a short report by Hindenburg Research. The report accused Roblox of having inflated user numbers and engagement metrics, as well as questionable business practices. The allegations led to a sell-off of Roblox stock, with shares falling by over 10% in after-hours trading.

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