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Lyft's CEO Says 'My Bad' on Margin Error, 'It Was One Zero'
Lyft Chief Executive Officer David Risher's response to a clerical error that unintentionally inflated the company's earnings outlook on Tuesday and sent shares soaring: "My bad." From a report: "First of all, it's on me," Risher said in an interview with Bloomberg Television on Wednesday, taking th...
Lyft Chief Executive Officer David Risher's response to a clerical error that unintentionally inflated the company's earnings outlook on Tuesday and sent shares soaring: "My bad." From a report:"First of all, it's on me," Risher said in an interview with Bloomberg Television on Wednesday, taking the blame for a typo in a company press release Tuesday that erroneously projected a particular measure of earnings margin to expand by an eye-watering 500 basis points. But in fact, on a call with analysts to discuss the quarterly results, Lyft executives didn't immediately note the error in their opening remarks.
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