“Roblox is lying to investors, regulators, and advertisers about the number of ‘people’ on its platform, inflating the key metric by 25-42%+,” Hindenburg said.

Roblox shares fell as much as 9% after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform.

Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

In the most recent trading session, Roblox (RBLX) closed at $41.78, indicating a -1.18% shift from the previous trading day.

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Roblox (RBLX) Stock Slides as Market Rises: Facts to Know Before You Trade January 10, 2024 — 06:15 pm EST Written by Zacks Equity Research for Zacks -> ...