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“Roblox is lying to investors, regulators, and advertisers about the number of ‘people’ on its platform, inflating the key metric by 25-42%+,” Hindenburg said.
Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.
Wall Street weighed a tariff reprieve for Mexico, new trade deal with South Korea, and strong earnings from Meta and ...
Some teen and tween players of the popular online computer game Roblox are protesting against an update rolled out in one of the game’s modes, Bloxburg, that user say smacks of “communism.” Those ...