Roblox is accused of lying to investors about the number of daily users on the platform, with a report from Hindenburg Research claiming it’s much lower.
Roblox is facing accusations that it lied to investors about the number of people who use the platform. In a report published on Tuesday, the investment firm Hindenburg Research claims Roblox is “consistently overstating the amount of people on its platform by 25 percent to 42 percent or more.” Roblox, which went public in 2021, reported having 79.5 million daily active users in its most recent earnings report.
The firm also claims Roblox isn’t doing enough to protect children on the platform, alleging its “in-game research revealed an X-rated pedophile hellscape, exposing children to grooming, pornography, violent content and extremely abusive speech.” Roblox shares dipped following the release of the report. Last week, a financial newsletter also accused Roblox of enabling child abuse.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hindenburg Research takes short position in RobloxHindenburg Research takes short position in Roblox
Read more »
Roblox stock drops after Hindenburg Research short reportRoblox stock drops after Hindenburg Research short report
Read more »
Scripps Research Institute, Fellow Position, Fall 2025 - La Jolla, California job with Scripps Research InstituteScripps Research Fellows are intended to be scientists of exceptional promise and creativity who have recently completed their Ph.D. training, or with limited postdoctoral experience (| 1 year).
Read more »
HHS Finalizes Rule on Research Misconduct to Foster Research IntegrityORI issued 2024 Public Health Service Policies on Research Misconduct to increase transparency, efficiency, and objectivity in research misconduct proceedings.
Read more »
Forget Meme Coins, Crypto Utility Is Already HereDavid Zimmerman is a research analyst at K33 Research.
Read more »
Unlock Free Rewards in Roblox's Jujutsu Legacy With These CodesDiscover how to claim free rewards and enhance your gameplay experience in Roblox's popular anime-inspired game, Jujutsu Legacy. This article provides a guide to using codes, tips for playing, and resources to elevate your skills.
Read more »