Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short Roblox (NYSE: $RBLX) at the time of publication. Positions may change at any time. See full disclosures below.
U.S. regulators have been investigating Roblox Corp. (NYSE: $RBLX), the gaming giant Hindenburg Research accused of inflating key metrics and failing to keep harmful content off its platform, according to documents obtained through Freedom of Information Act requests.
The SEC’s Division of Enforcement and the Federal Trade Commission have both opened probes into the $33 billion online gaming platform, the FOIA documents reveal.
In an August response to a FOIA request for information related to investigations or inquiries into Roblox, the SEC wrote that it “did not locate or identify any information responsive to your request.”
But in response to a follow-up request, on October 17, the Commission changed its tune. “We are withholding records that may be responsive to your request,” the SEC wrote.