How one typo sent Lyft’s share price soaring

Published February 14, 2024 2:21pm ET



A typo in Lyft’s earnings release for the fourth quarter of 2023 caused shares to reach a 52-week high on Wednesday.

The ride-hailing company announced on Tuesday that one of its profit margins was expected to increase by 500 points on Tuesday, but it was actually only expected to increase by 50 points. The mistake was the result of a “clerical error,” according to Lyft.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.