2 weeks Ago
BY Sarah Bregel1 minute read On Tuesday, Roblox—the gaming platform popular with Gen Z and Gen Alpha—saw its stock take a dive. Roblox stock fell 9.4% in early trading, even as it's already dropped by 15% this year.
As of midday trading, it's down by around 3% today. The dip comes after a new report from Hindenburg Research, which alleged the company inflated the number of users it has and how many hours they're spending on the platform. According to the report, which was based in part on interviews with former Roblox employees, the company may be inflating its numbers by allowing bots to populate the platform.
Therefore, the gaming platform's metrics do not come from "unique individuals accessing Roblox," Hindenburg said. Inflating its metrics isn't the most damning part of the report's allegations, however. The report also.
.. Sarah Bregel.
