Being targeted by Hindenburg is less than ideal.
Tech companies are given large valuation multiples based on the expectation that theyre high-growth companies.
Hindenburg agrues that Roblox may be big but is not as high-growth as it appears.
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Robloxs stock is down about 3.5 percent today, so investors dont seem terribly concerned thus far.
Its a common attack lobbed against short sellers.
Players will create multiple accounts for a variety of reasons, such as to evade bans.
But Hindenburgs report focuses more on Robloxs system for paying developers of games on the platform.
Crucially, users can also earn engagement-based payouts (EBP).
The allegations related to child safety on Roblox are more serious, but not new.
And asBloombergnoted in its July investigation, online platforms cant ask children for real names or other identifying info.
Elon Musk has long been a crusader against short sellers who targeted Tesla for years.
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