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My bad: Lyft CEO David as typo in press release causes 67% stock surge
short by Pragya Swastik / on Thursday, 15 February, 2024
Lyft CEO David Risher in an interview with Bloomberg took the blame for one extra zero in the company's earnings outlook that helped drive a 67% surge in the company's stock. "It's on me...my bad...it was one zero," he said. In a press release, Lyft mistakenly forecasted 500 basis points of margin improvement for 2024, instead of 50 basis points.
read more at NDTV Profit