Hindenburg Research discloses short position on Roblox, alleging inflated metrics
Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers.
Roblox shares fell 9.2% in early trading after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform.
This was based on its definition that the metric is not a measure of «unique individuals accessing Roblox», Hindenburg said, adding that DAUs could include bots or alternate accounts.
Roblox did not immediately respond to a request for comment.
It is the latest target of Hindenburg, whose reports have knocked shares of companies owned by billionaire-investor Carl Icahn and India's Gautam Adani.
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