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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: Lyft shares rocket 62% over a typo in the company’s earnings release
Description: Lyft shares jumped 62% after the closing bell on February 13 thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms—or “bots”—into a buying frenzy.
Lyft’s fourth-quarter report initially forecast that an important profit metric was expected to climb by 500 basis points, or 5%, in 2024. However, the company informed investors about five minutes after the original release that there was one zero too many in that number and corrected it to 50 basis points, a much more realistic 0.5%.
Shares retreated after the correction but remained more than 37% higher—at $16.69 per share—in early F...