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An earnings typo sent Lyft's stock price into the stratosphere

A typo in an earnings report made Lyft’s stock price rise by up to 70 percent, before settling down to within the normal range. The company’s CEO has taken the blame for the incident.

The mistake was even present in Lyft’s slide deck, which was part of that earnings report, and an accompanying press release. Lyft CFO Erin Brewer addressed the issue in an earnings call yesterday evening which caused the stocks to reverse course. It’s worth noting that the earnings report was still good news for Lyft, even without that mistake, so the stock price experienced a more stable increase of around 35 percent.

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