roblox next. this is bloomberg matt: shares of roblox today tumbling after hindenberg research said roblox inflated key metrics. we are bringing in bailey lipschultz. the comment from hindenburg is that roblox is a pdf file hellscape. two what are they referring to? bailey: earlier this year bloomberg big take had a discussion about pedophiles having access to the videogame platform to potentially target young children and exchange of videos, film, different things on the platform. this has been long discussed by hindenburg and barricade that has run a number of reports going back to 2022. what stood out from the hindenburg applications is roblox denying all of this. they say roblox has two sets of books for counting users, one for internal business decisions and one for the finance team reporting metrics to investors alleging roblox's double counting bots or individual accounts at times. matt: essentially they are alleging fraud. what has roblox set in response? bailey: they said they totally rej

roblox isn't down enough.hat hindenburg has said, it's true, stocks got to be down. >> yeah. >> surprised he's not called. he's a straightforward guy. he's been on a lot. >> yeah. >> and this is the exact opposite of what i've come to know roblox. >> tech getting a bid, and microsoft, i mentioned down as well. some people questioned the methodology there in terms of how they got to the numbers. but microsoft is up, amazon recovering a bit from that downgrade yesterday from wells fargo. and shares up saying they would. >> thank you. >> of course, nvidia, as well as tesla. >> david, this is the chinese money coming back. china potluck. >> coming back over here? >> exactly. this is the money determining a lot of prices, nvidia being r-- >> it doesn't take much, incrementally because you've got that running the markets. >> you're so good. >> thank you. >> you're good. you're just good. >> you got to give one to carl then. >> he's good, too. >> i don't want to be facetious, with all of the funds, out of crypto whic

. >>> and roblox shares are moving lower after a new report from hindenburg research. those details next after this. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. >>> welcome back, roblox shares are taking a hit on a report from short filler, hindenburg, shares had been down 9% but have somewhat paired those losses. let's bring in steve kovach. >> big accusations here, coming from short seller hindenburg, a number of allegations against roblox. two big themes in the short position, roblox is lying about the number of people on the platform and fail to go protect underaged users against sexual predators. they say say they reject the claims and highl

roblox rejects the claims in the report and says it is a safe and secure platform. safety online also at the center of a new lawsuit filed by the new york state's attorneys general against tiktok. give us the details on both of these cases, julia. >> well, just digging specifically into that tiktok news, tyler, tiktok's effects on kid's mental health is under attack. bipartisan group of more than a dozen states attorneys general is filing lawsuits against tiktok. washington, d.c. attorney general brian joined by new york, california, kentucky, new jersey and others accusing tiktok by claiming that the app is safe for children despite, quote, intentionally trying to addict young people. the suit alledging that tiktok puts teens and children at risk of depression, anxiety, sleep loss and body dismorphea. calling tiktok digital nicotine. operating a unlicensed use of coins the users can buy to send gifts to streamers is an unlicensed virtual currency from which tiktok earns up to 50% on each transaction. now tiktok responding that it strongly disagrees with these claim

ed: let's go to roblox's response. let's bring it up on the screen.e totally reject the claims made in the report. the financial claims made by hindenburg research are simply misleading. the authors are admittedly short-sellers and have an agenda irrespective of the substance of roblox's business model. they say a pushback against the thesis at the center of vandenberg's research -- hindenburg's research. because it's a company that claims is an profitable, the claim is they are misleading investors because they rely on a daily activity user number and a people number that of the same. if you read the footnotes in the disclosures, they read you should not rely on the daily activities number because it could include bots or alt accounts. it is hard to follow. go over the back and forth parties, bailey. -- between the parties, bailey. bailey: when you look at it to video gaming platform it is value. that is bullish for the company in their view. to what hindenburg laid out looking at the metrics, they are looking at profitability and a string of unprofi

i've been petitions by second graters to let my kids have roblox.he developer says it's not for those kids, yet that's who they're catering to. >> yeah. that's interesting, right? that's part of the challenge for their business model as well. you know, they have to spend a lot of money on building out digital infrastructure, the costs are high as well. i think there are just better places in the market to be right now. >> aadil, thank you so much for joining us. a bit of a discussion about parenting while we're doing that. >>> tomorrow we'll be joined by the ceo of roblox, so i won't won't be there. >> we'll follow it up, contessa. >> he'll be here and we'll press him on that and the business model. >> we'll do that, even in your absence. thank you. >>> is the china turnaround starting to slow in stocks there are still down, but manufacturing showing signs of picking up. we'll sail across the pacific in our market navigator boat. >>> dom which you is here. s&p is off 1 towards, and the dow the champ will but it was off more than 400 at one point. do

charles: my granddaughter hit me with roblox and doesn't play it or on it that much anymore and intosqueeze this in, part of america is confused based on the reception of the movie folks and it's right now on pace to replace marvels and lowest box office performing marvel characters so right now we know we don't want woke anymore and aparticipately, kennedy, we don't want this either. what does america want? >> this was the sequel that so many people wanted and made it here. >> running certain deals and at this point you need to be an a-plus top of the library movie to see it and there's already enough depressing things going on and i would be more down and we need to laugh more and need more on the line. charles: telling both and >> money does. >> money for kennedy. here's liz claman.

they allege that roblox fails to adequately protect children on the platform.ts the accusation. now to this. rapper sea sean "diddy"combs wi today, requesting bail and asking for a speedy trial. after a video was leaked. they say they leaked information to the press and they're asking for a gag order moving forward for the entire case, combs is held in a brooklyn detention center, charged with rock racketeering and sex trafficking. finely, new allegations that the biden/harris administration took advice from foreign governments on how to restrict online speech. congresswoman nancy mace says the new documents, there's a lot of them, show senior white house officials, quote, got pointers from british disinformation officials on how to the partner up with social media companies to police content that included elections and covid-19. this is tied to 2020, 2021, with the biden/harris administration. they reached out to british officials, apparently to figure out ways they could partner with social media companies and then that -- and how to police and pull informati

were able to get into some of these more adult-oriented experiences, something that roblox shouldn't be allowed to happen. >> scary stuff. steve, thank you. >> all right, we're going to continue to monitor that story. we did have a rebound here in the major averages. and that's going to do it for us here at "overtime." >> "fast money" starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." we are back. here's what's on tap tonight. in the chips. shares of nvidia up over 6% to start the week. and surging nearly 30% from the last 30 days. the move outpacing the rest of the a.i. names. can you still ride this rebound? we'll debate that. >>> plus, hurricane hilton closing in on the west coast of florida. how much damage will this once in a lifetime storm inflict on residents there? we've got a live report. >>> and later, china's surge losing steam. is the beijing boom over? inside gm's analyst day. and a look under the trading hood over at robinhood. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk t

roblox is tracking more than a year after reporting a smaller than expected loss and raising the fullking's forecast. it comes after hindenburg research accused the company of inflating metrics. for more be sure to catch roblox ceo david baszucki tomorrow. >>> still ahead, much more on what to expect from amazon's earnings overnight. plus we count you down to apple's results as well. we'll run you through what's at stake. there's the countdown. 44 minutes and 20 seconds until apple reports. we're back after this. >>> by the way, a programming note before we go. we're live all night on election night. we'll have the results as they come in. your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire humana medicare advantage plans. carry this card and you could have the power to unlock benefits beyond original medicare. these are convenient plans that offer all of the benefits of original medicare, plus extra coverage and benefits. with a hu

. >> we do check out shares of roblox, it's down by 8.6%.eport it suspect's the company's metrics are wildly inflated. and says that the company is either misleading or outright lying to investments about its key investors. and it as describes the platform as a pedophile platform for kids. just looking at the report, hindenburg again, the short seller saying it is taking a short position after the user account, listed our ages under 13. by merely plugging an adult into the roblox search bar, we found members openly trading child pornography and soliciting for minors. >> did you see the jeffrey epstein? >> they said they registered as a child. and were able to register games like escape to jeffrey island and diddy, and run from diddy simulator. >> and accounts called jeffrey epstein supporter? this is remarkable. >> since 2024, moderation for dummies has reported 12,400 erotic world play accounts from roblox, they include everything from rape to fetishes to underage users. >> oh, my goodness, do you see this -- >> stock is down 9% someplace.

tech lines including a possible breakup of og igolen its backyard and what's really happening on robloxa small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! tax smart investing today, helps to build a stronger tomorrow. at pgim custom harvest, our unique direct indexing approach seeks to help investors achieve better after-tax outcomes. pgim investments. shaping tomorrow, today . >>> now less than four weeks until election day. a look at the state of the campaign, money and politics and more we welcome congressman ro khanna. a democrat from california. 17th district. located in the heart of silicon valley. he's a surrogate for the harris-walz campaign. thanks for joining us. actually, ro, a, chongman, ro-joe, all the con

realise that there's going to be brand new artists who are developed within, within, within things like robloxhey're going to, uh, they're going to make theirfirst music in these games. they're going to build audience in these games, and they're going to tour within these games. um, and then you add things like ai and are being able ——um, and then you add things like ai and ar being able to purchase digital assets, and you have a wholly new experience that's developed completely by the technology industry and owned and operated by the users. i love this idea of democratising the music industry. so if you don't have access to a studio or a band, you still have the tools to allow you to make music. that's great. but i wonder if, for example, it means the end of a global superstar. everybody can create music, everyone can share it around the world. where does it leave those global icons? yeah, but not anyone can be amazing. but what makes people amazing? um, you know, i have the fortune, i've had the fortune to work with a lot of great artists and producers and songwriters, and the through line i

keeping an eye on roadblocks -- roblox. apparently they are having some concerns.ntly off by 1.2% on the gaming company. this is "bloomberg technology." ♪ the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> we can see those chopsticks. [cheers] ed: space x caught the attention of the world over

and after the break, as the stock market takes a different record highs, we know just put it off to roblox winners and losers. cause some market insight and we had record highs for steps go last week. lawyer, those for your fleet week forecast. >> it's back to where we should be for this time of year with highs in the 60's for the city all the way through your activ san francisco is in crisis and we need real experienced leadership. we need mark farrell. our interim mayor who got things done. who showed we can clear tent encampments, fight crime, and address the drug crisis. who will make the tough choices for our city's future. "i'm mark farrell. i'm running for mayor because san francisco deserves better." "i'm ready to deliver that change on day one." mark farrell. a proven leader with the experience we need. >> it is 9.14, on this. >> thursday morning our way towards winds way. yes, it is looking beautiful out there this morning. everything a little bit foggy yesterday, but the fog has cleared and hey, look at this. what we have out there to kick off today is some nice clear skies over

. >> my podcast called roblox you have that for a long time. probably longer than anyone else cause. i didn't back. it went on to cnn back in 2000. so back in the 1990's after going 6, 0, anyway. and i'm a time. just podcast. that's awesome. you 235 million americans. listen to a podcast. about 47% of americans. listen to a podcast. smart lists side a big deal. if they had tim walz, vice president candidate on this week call her daddy. they say that's going to be the howard stern show replacement as he's 70 plus years old town. he's getting ready to retire at some point in time. but they have 5 million people watched kamala harris on call her daddy. it's very targeted audience to call her daddy young females. smart, less i don't know the audience there, but trump went on show with some white man trying to appeal white men young white people. so it's it's very demographic shot tv, newspapers, magazines. they're just not enough. and if you start thinking about the people who listen to podcast very, very persuadable because their host is they're v

it is sort of the island of misfit toys because the biggest gainersed today, peloton's up 25, robloxup 16%, etsy's up 10%. yesterday snap was up 15%. and, you know, here's the thing, carvana's up huge today as well. do you know on december 28th, 20232, if you bought this stock, carvana, at are $3.50, you would have 4,000 shares that would cost $14,000,ed today it'd be worth a million dollars. alan, people are always saying, what's the next one? can any of these be carvana? this is a little different, but what do you think about that when people ask you about that? >> well, it's halloween, i'd have to put a max on to say i like these particular stocks. [laughter] i used to be in peloton and, like, these would be what i'd call a deep value. you really have to do a lot of analysis because these are companies on average that are not probability right now that have had a rough go. and, you know, for example, my idea on peloton when i owned it, i thought it was definitely a, you know, one of these can covid trades that i thought would continue because i thought people would enjoy what they

roblox said in a statement that the changes are part of their, quote, commitment to making the platform one of the safest online environments for our users. stocks in basketball now. big win for the warriors in their regular season opener. they handled the portland trail blazers, beating them 139 104. 35 points. that's the biggest margin of victory of any warriors season opener. certainly impressive. and as ktvu betty yu reports, even though the first game was not at chase center, fans were there cheering them on. >> dub nation cheered on the warriors from the steps at thrive city wednesday. >> yeah, there you go. >> yeah, that's where we met one of the youngest super fans, nine year old cruz hernandez. why do you think they're going to make a big improvement from last year? >> i think just because of curry. i think he's going to be better than last year. and i think that buddy hield and they got buddy hield is going to be good. and then they got pisemsky i think he's going to average like at least 23 points. >> you have a lot of faith in the young talent. >> and kuminga kuminga is goin

tell us about roblox and report about it. >> this is remarkable.e of the most popular online gaming sites, often times considered a safe place for kids to be where they can make games and create games and do all sorts of things. at least that's been the reputation. this morning a short seller -- so that's a hedge fund that is betting against the stock. they do want the stock to go down. i want everybody to understand the context. they pit out a report saying two things that are interesting. one is that the numbers, they're claiming effectively, are fraudulent. they're arguing that the number of users on the site are not real. some are coming from places like vietnam and server farms and the like. i think more disturbing is the number of areas on the site where they found that children were being approached by pedophiles. it is just unbelievable. they say they registered as a child on the service and were able to access games like, quote, escape to epstein island, and diddy party and run from diddy and diddy simulator. there was a group called beat

i want to work at roblox. >> that was a joke. >> well, i'm just saying, pick the place that's most underire after google. i mean, this is -- i don't think people realize. when i say sweeping, carl, what they're saying is, if you think there's anything at this company that's going to be able to make money after this, you do not know how to read. i want to chatgpt this thing, say, is there anything left of google that can make money and see what it says. i haven't had a chance to do that. i'm not kidding. this is incredible. >> why would doj be interested in removing a company's ability to make money? >> i think we are in a government right now that just says, this government is not going to let these companies run this country, these nation-state companies with all this money that have been bossing us around, telling us what we can read, what we can do. that's over. we're the government, and we're not going to let companies be bigger than the people. this is about we, the people, versus companies that think they can tell us what to do, and what to read and how to think. >> and that's wron

i've talked to him about this because you don't know where it is going to come if he doesn't have a roblox things are going to come from one way or another, online game, you don't even realize people are coming in and these strangers are out there. i applaud what you all are doing. but i think it comes a little late. i do think this is something you guys have been out there for more than two decades, you're just now coming to the point where you are identifying nudity pictures that are being sent to teens, you know this is happening, you took off 1600 people i think last week who were a group of people, a gang, you thought were trying to do some of these sexting things to come in, why not more? why can't we do more? if i forget my password, i have to go in and identify all the pictures of a motorcycle or a streetlamp, you can find these things and do it, the technology exists. >> yeah, i've been at metaphor ten years and these have been ongoing efforts. i think what is important to understand here is that these are very adversarial actors and so we develop protections and they, of course,