Roblox “Refutes” Hindenburg Report, Calls The Claims It Makes “Deceptive”

Yesterday, Hindenburg Analysis revealed an in depth report on Roblox, which lay a couple of damning accusations at Roblox Company’s toes.

The principle two being that first, Roblox is flat-out mendacity to buyers about how many individuals play and luxuriate in Roblox, allegedly reporting engagement numbers which were inflated by 42%. And second, that the platform is “an X-rated pedophile hellscape, exposing youngsters to grooming, pornography, violent content material and very abusive speech.”

Roblox has responded to the report with a press release of its personal, that takes a paragraph to reply to claims made about Roblox not being a protected place for youths, after which a full web page’s value of area to refute that it lies to buyers.

The assertion is titled “Roblox Refutes Deceptive Claims in Hindenburg Report,” and instantly begins by saying that “Roblox rejects the claims made within the Hindenburg Report.”

It additionally provides the reminder that Hindenburg has a vested curiosity in Roblox being painted poorly as a brief promoting agency, and cites varied constructive financials that aren’t included in Hindenburg’s report as a result of it “the constructive details merely don’t help their agenda.”

Roblox additionally factors to how Hindenburg represented Roblox’s reporting of consumer engagement with a breakdown of the way it defines every day energetic customers (DAUs), and says once more that Hindenburg “uncared for to precisely report” on Roblox and its personal public disclosures.

Whereas Roblox is technically calling out all of Hindenburg’s claims as deceptive, it’s value noting how the assertion handles its responses to the 2 main claims made by Hindenburg.

To begin, right here’s the complete first paragraph that’s meant to deal with the accusations that Roblox is just not a protected place for youngsters.

“Security and civility have been foundational to Roblox because the firm’s inception almost twenty years in the past, and the corporate has invested closely all through its historical past in its Belief & Security efforts. On daily basis, tens of thousands and thousands of customers of all ages have protected and constructive experiences on Roblox, abiding by the corporate’s Group Requirements.

Roblox takes any content material or habits on the platform that doesn’t abide by its requirements extraordinarily severely, and Roblox has a strong set of proactive and preventative security measures designed to catch and forestall malicious or dangerous exercise on the platform. For extra details about Roblox’s security efforts, see this most up-to-date weblog submit.”

A eager reader will observe that it doesn’t refute or deny the accusation that Roblox is unsafe for youths, as a substitute it asks you to look in the direction of the “constructive experiences” that the “tens of thousands and thousands of customers” on Roblox have whereas saying it has all the time targeted on

Simply pointing individuals in the direction of all the potential good nevertheless doesn’t negate the dangerous, particularly when ‘the dangerous’ goes so far as youngsters being kidnapped by predators.

The assertion closes by saying that Roblox will reply any additional questions throughout its subsequent quarterly earnings name, which is ready for October 31, 2024. It’ll be fascinating to see what affect Hindenburg Analysis’s report has on the questions posed to Roblox’s management, and if they really have any solutions.

Supply – [Roblox]