Why is Roblox (RBLX) stock price crashing?

On October 8, noted activist short-selling group Hindenburg Research released a report alleging that Roblox (NYSE: RBLX) has been reporting inflated metrics. Hindenburg Research is notorious and feared on Wall Street for its takedown reports — in the case of The Nikola Corporation (NASDAQ: NKLA), the report eventually led to the ousting, arrest, and conviction of former CEO Trevor Milton for fraud. At press time, the stock is trading at $40.11 — down 7.30% over the past five days. Roblox Corp RBLX stock pri ...