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(Reuters) -Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers and engagement.
Roblox's cleanup of bots and inactive accounts could be tied to the decline in daily active users, analysts said. The move: Roblox stock plunged as much as 20.3% on Thursday. The chart:
On Tuesday, Hindenburg Research, a short-seller, published a report accusing Roblox of inflating user metrics and deceiving investors. The company's stock fell more than 9% in the wake of the ...
Roblox Corporation has been ranked on Pocket Gamer.biz ' s top lists of mobile game developers, placing sixth in 2018, [30] eighth in 2019, [31] and sixth in 2020. [32] Fortune featured it as one of the best small and medium-sized workplaces in the San Francisco Bay Area, placing it sixteenth in 2019 and fortieth in 2021.
Roblox's fiscal 2024 investor guidance of $4.2 billion in bookings is about 2% of the global gaming market, which Baszucki estimates currently at $160 billion and $180 billion, the Verge reports ...
Roblox occasionally hosts real-life and virtual events. They have in the past hosted events such as BloxCon, which was a convention for ordinary players on the platform. [98] Roblox operates annual Easter egg hunts [99] and also hosts an annual event called the "Bloxy Awards", an awards ceremony that also functions as a fundraiser. The 2020 ...
Goldman Sachs On Roblox Analyst Eric Sheridan maintained a Neutral rating while slashing the price target from $48 to $38. Roblox indicated it witnessed a decline in engagement in the first ...
In both instances, closed-end country funds and experimental markets, stock prices clearly diverge from fundamental values. Nobel laureate Dr. Vernon Smith has illustrated the closed-end country fund phenomenon with a chart showing prices and net asset values of the Spain Fund in 1989 and 1990 in his work on price bubbles. [13]