Big Oops!

Lyft CEO Logan Green acknowledged a clerical error in a press release that led to a major surge in the company’s stock price, with shares increasing as much as 67 percent in after-hours trading. Green emphasized the financially strong quarter Lyft had experienced but expressed regret for the unacceptable error. He assured listeners that the CFO’s job was secure and that the team was taking the matter seriously. Green emphasized the importance of transparency and shared that the company was taking steps to prevent similar errors from happening in the future.