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Roblox's stock dropped 10% after short-seller Hindenburg accused it of inflating user numbers. Some of Hindenburg's previous reports have led to SEC investigations and indictments.
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Roblox Corporation (NYSE: RBLX) resulting from allegations that Roblox may have issued materially misleading business information to the investing public. So What: If you purchased Roblox securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The.
NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Roblox Corporation (“Roblox” or “the Company”) (NYSE: RBLX). Investors who purchased Roblox securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RBLX.
NEW YORK CITY, NY / ACCESSWIRE / October 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Roblox Corporation ("Roblox" or "the Company") (NYSE:RBLX). Investors who purchased Roblox securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RBLX.
In the closing of the recent trading day, Roblox (RBLX) stood at $41.40, denoting a -0.81% change from the preceding trading day.
LOS ANGELES, CA / ACCESSWIRE / October 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Roblox Corporation ("Roblox" or "the Company") (NYSE:RBLX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Roblox shares dropped 9% after Hindenburg's short thesis, but quickly recovered, closing only 2% lower, highlighting investor resilience. Roblox's strong commercial momentum and significant growth in bookings make betting against the company risky. Despite being loss-making, Roblox's positive free cash flow and substantial cash reserves support its sustainable operating model.
Every once in a while, a few stocks come under attack from short-selling firms or, essentially, by anyone that doesn't align with that stock's business or interests. It is tricky for retail investors to figure out whether short reports and attacks have any traction since they can often sound convincing enough to get people to sell – or even short – said stock.
NEW YORK CITY, NY / ACCESSWIRE / October 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Roblox Corporation ("Roblox" or "the Company") (NYSE:RBLX). Investors who purchased Roblox securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RBLX.
Investors can contact the law firm at no cost to learn more about recovering their losses