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Hindenburg Research shorts Roblox, alleges firm inflated metrics
short by Bhawana Chaudhary / on Tuesday, 8 October, 2024
Hindenburg Research, which had earlier shorted shares of Adani Group firms, has taken a short position in online gaming platform Roblox. The short-seller has accused the company of lying to investors and regulators by inflating its user base by 25-42% and engagement hours by over 100%. Following Hindenburg's report, Roblox's NYSE-listed shares fell by nearly 9.4%.
read more at Moneycontrol