Entrepreneurship
Roblox stock falls after Hindenburg blasts the social gaming platform over bots and pedophiles
The research firm, which has taken a short position in Roblox’s stock, released a report arguing the company does not do enough to keep children safe.
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.
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