Lyft CFO Clarifies Mistake: Margins Expected to Grow by 50 Basis Points, Not 500

Lyft's CFO corrects a press release error, confirming that the company's margins are projected to expand by 50 basis points instead of 500, providing clarity to investors and analysts. πŸš—

Lyft CFO Clarifies Mistake: Margins Expected to Grow by 50 Basis Points, Not 500
Fortune
815 views β€’ Feb 14, 2024
Lyft CFO Clarifies Mistake: Margins Expected to Grow by 50 Basis Points, Not 500

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The company is actually expecting margins to expand by 50 basis points β€” not 500 β€” acknowledging, when asked by an analyst, that the press release was incorrect.

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815

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0:50

Published

Feb 14, 2024

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