TNB Tech Minute: Roblox Targeted by Short-Seller Hindenburg

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.3 • 1.7K Ratings

🗓️ 8 October 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, Crypto.com sues the SEC after the agency warns the exchange could face a lawsuit. And artificial intelligence pioneers, including one of the “godfathers of AI,” win the Nobel Prize in physics. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	exchanges the Goldman Sachs podcast featuring exchanges on rates, inflation and US
0:11.2	recession risk exchanges on the market impact of AI.
0:15.0	For the sharpest analysis on forces driving the markets and the economy
0:20.0	count on exchanges between the leading minds at Goldman Sachs.
0:24.0	New episodes every week.
0:26.0	Listen now.
0:28.0	Here's your Tn B Tech Minute for Tuesday, October 8th.
0:35.0	I'm Zoe Thomas for the Wall Street Journal.
0:38.0	Short seller Hindenburg Research alleges that the video game platform Roblox has inflated its user metrics to investors
0:46.1	since it went public in 2021.
0:49.0	In a report released today, Hindenburg also claims Roblox, which is popular with kids under 13, gave priority
0:55.7	to growth over measures that would better protect children from pedophiles and mature content.
1:02.0	The firm said its research is based in part on interviews with
1:05.2	multiple former Roblox employees and firsthand experience on the platform. A spokesman
1:11.2	for Roblox said the company rejects the claims saying that Roblox is a quote safe and secure platform and that the authors of the Hindenburg report quote have an agenda.
1:22.0	Crypt crypto.com
1:24.0	suit the Securities and Exchange Commission
1:26.0	after it received a so-called
1:28.0	well's notice
1:29.0	indicating it could face a lawsuit from the regulator.
1:32.0	An SEC spokesperson declined to comment. it could face a lawsuit from the regulator.
1:32.6	An SEC spokesperson declined to comment.
	...

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