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
😂