A company similar to UBER, active in the US and Canada. LyftIt recently published its financial situation report for the last quarter of 2023. In its statement, the company said it increased revenue by 4 percent year-on-year to $1.22 billion. So far everything was normal. However, parallel to the statements made a strange incident happened.

Lyft’s stock saw a significant increase with the announcement of its financial earnings report. Before explanation $11.70 Shares traded at levels parallel to the announcement $16.77 rose to levels. So what happened? Lyft shares, which rose more than 42 percent in 24 hours as of this article’s writing, were on a serious run.

A missing zero sent stocks soaring

Lyft also shared its 2024 forecasts in the slideshow announcing its financial earnings report. In these forecasts, the company expects 5 percent profit margin He said it would happen. This huge ratio caused the stocks to explode. However, the truth of the matter was not so. Staff explains the slide show, instead of 0.5 percent He wrote 5 percent and made this all happen.

The person who made the statement and correction on the matter is the CEO of Lyft. Erin Brewer happened. The CEO, who took all the blame, said it was a big mistake. For everyone in the team”super annoyingBrewer stated that an incident had occurred, saying that they could not understand the rise in shares in the first phase, and that when an employee discovered the situation, your mouth is open he claimed.

In the past, there was an unintended rise in the shares of a company called Signal due to a statement by Elon Musk: