Lyft CEO takes blame for 'extra zero that slipped' into earnings release
LYFTLyft(LYFT) CNBC·2024-02-15 01:33

Lyft CEO David Risher took responsibility for the major error that appeared in the company's fourth-quarter earnings release late Tuesday, telling CNBC's "Squawk Box" that it's "super frustrating" for everyone on the team. Shares of the ride-sharing company soared more than 60% after the report first came out because the press release said Lyft would see margin expansion of 500 basis points, or 5%, in 2024, a huge increase for a business that has long struggled to turn a profit. During its quarterly call wi ...