Sat. Dec 14th, 2024

Roblox Tumbles After Hindenburg Bets Against Gaming Platform

Roblox Corp. fell as much as 14% in extended trading after Hindenburg Research published a report accusing the gaming platform of misleading investors about its user growth and engagement. The short seller also alleged that Roblox’s founder and CEO, David Baszucki, sold shares worth more than $100 million in the days leading up to the report. Roblox has denied the allegations.

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