RBLX INVESTOR NEWS: Roblox Corporation Investors that Suffered Losses are Encouraged to Contact Rosen Law About Ongoing Investigation into the Company – RBLX
Roblox Corporation Class A (RBLX)
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a leading investor rights law firm, continues to investigate Roblox Corporation (NYSE: RBLX) for potential violations of the federal securities laws. If you invested in Roblox, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/roblox-corporation-rblx/. Why did Roblox’s Stock Drop? On October 8, 2024, Hindenburg Research issued a report entitled “Roblox: Inflated Key Metrics For Wall Street And a Pedophile Hellscape for Kids.” In this report, Hindenburg stated that its “research indicates that Roblox is lying to investors, regulators, and advertisers about the number of ‘people’ on its platform, inflating the key metric by 25-42%+.” Further, “[b]eyond inflated key user metrics, our in-game research revealed an X-rated pedophile hellscape, exposing children to grooming, pornography, violent content and extremely abusive speech.” On this news, Roblox’s stock fell by 2.1% on October
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News
- GameWell 2024 Empowers Parents and Kids to Build Positive Gaming Habits Together [Yahoo! Finance]Yahoo! Finance
- Roblox Co. (NYSE: RBLX) had its price target raised by analysts at Citigroup Inc. from $53.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Selling US$15m Of Stock Was Lucrative Decision For Roblox Insiders [Yahoo! Finance]Yahoo! Finance
- Roblox's User Growth Invites Positive Analyst Sentiment [Yahoo! Finance]Yahoo! Finance
- Benefit Cosmetics Partners with Obsess to Launch 'The Benemart' Virtual Holiday Gift StorePR Web
RBLX
Earnings
- 10/31/24 - Beat
RBLX
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- RBLX's page on the SEC website