Lyft stock: sorry, I just missed a zero in the report
Lyft finance chief Erin Brewer said on the earnings call that the company had misstated its margin expansion in its slide deck. Rather than 500 basis points (5%) of growth for 2024, as the company initially indicated, the actual increase will be 50 basis points (0.5%), Brewer said. Stock shot up 60% after hours to the moon before bounced back to earth.
😂 Lyft employees dreamt for a second
FIRE to back to office tomorrow.
Not for a second, it was there for a good 10 min
😂😂
Lol that’s crazy. Did she not review the slides before?
Hahaha
Off by one error.
Imagine the greedy traders who bought at +59% mark
They will probably be holding the bag for a very long time.
Or sue us
Goddamn it I should have sold
That's why they do it after hours, in case a mistake would shift the price. Real price will be seen tomorrow
😂