Short-selling institution Hindenburg Research revealed on Tuesday that they hold a short position on Roblox (RBLX.US), alleging that the popular game platform Roblox, beloved by children, exaggerates indicators including the number of users. However, Roblox responded, stating that they do not agree with the claims in the Hindenburg report, indicating that the report is purely misleading, and firmly believe that Roblox is a safe and reliable platform, with the financial indicators in the report also being reliable.
Roblox's stock price initially dropped by around 10%, but later the decline narrowed, with the latest drop being over 2%.