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.

“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 fell as much as 9% after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform.

The Ratings Game Roblox stock rockets 20% on ‘impressive’ turnaround from yearlong slide Bookings for September top consensus as online worldbuilding platform popular with tweens finds a way ...

Climb and Slide is an incremental Roblox game that’s all about climbing as high as possible and then sliding back down to make some cash. As you climb and slide, you’ll hatch adorable coin ...