Roblox Tumbles as Hindenburg Bets Against Gaming Platform

Report alleges inflated metrics and child safety concerns
Stock drops by the most in two months on short seller’s report

Roblox Stock Falls After Hindenburg Report

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By Carmen Reinicke, Olivia Carville, and Cecilia D'Anastasio

October 8, 2024 at 9:18 AM EDT

Updated on

October 8, 2024 at 12:27 PM EDT

Roblox Corp. shares slumped Tuesday after short seller Hindenburg Research said it’s betting against the gaming platform.

The stock fell as much as 9.4% in intraday trading Tuesday in New York, hitting the lowest level since early August. The online gaming company’s stock has shed more than 15% so far this year.