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Lyft CEO says ‘My bad’ after earnings typo sends stock up 60% (www.theguardian.com)

submitted 9 months ago by einat2346@lemmy.today to c/nottheonion@lemmy.world

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[–] pearsaltchocolatebar@discuss.online 13 points 9 months ago (1 children)

For the first offense. Each subsequent offense should have the percentage double.

[–] intensely_human@lemm.ee 4 points 9 months ago

This could correct itself. Now the company’s financial reports are unreliable, and the uncertainty alone should drop the value of their stock. Risk has a negative monetary value, and these financial reports are now a source of risk.