Roblox Corporation faces securities fraud probe after Hindenburg Research accuses it of inflating user metrics and engagement hours.

Edelson Lechtzin LLP is investigating potential securities fraud claims against Roblox Corporation after Hindenburg Research accused the company of inflating user metrics and engagement hours. Hindenburg claims that Roblox's figures are overstated by 25-42% for daily active users and over 100% for engagement, raising concerns about child safety on the platform. Roblox denies these allegations, asserting that it prioritizes user trust and safety.

October 08, 2024
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