Coffee ☕ on Nostr: Lyft CEO David Risher’s response to a clerical error that unintentionally inflated ...
Lyft CEO David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.”
“First of all, it’s on me,” Risher said in an interview with @BloombergTV, taking the blame for a typo in a company press release Tuesday that erroneously projected earnings margins to expand by an eye-watering 500 basis points. (In reality, Lyft expects margins to grow by 50 basis points.)
The error, which actually appeared in multiple company documents on Tuesday, helped drive a 67% surge in Lyft’s shares in after-hours trading. Read more here: https://trib.al/5Oqt1fq
#Nostr | #growNostr | #Press | #PLEBchaiN | #Newstr
“First of all, it’s on me,” Risher said in an interview with @BloombergTV, taking the blame for a typo in a company press release Tuesday that erroneously projected earnings margins to expand by an eye-watering 500 basis points. (In reality, Lyft expects margins to grow by 50 basis points.)
The error, which actually appeared in multiple company documents on Tuesday, helped drive a 67% surge in Lyft’s shares in after-hours trading. Read more here: https://trib.al/5Oqt1fq
#Nostr | #growNostr | #Press | #PLEBchaiN | #Newstr