Lyft makes major apology after ‘clerical error’ turns into devastating loss – CEO blames himself saying ‘that’s on me’ ...Middle East

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LYFT has issued a major apology after a clerical error shook the stock market on Tuesday. After the closing bell sounded, shares of the ride-sharing service were listed at a 67% jump. GettyLyft admitted it added an extra zero by accident to recent financial projections[/caption] The company projected its margins would increase by at least 500 basis points. Although exciting at first glance, executives quickly revealed that it was all a big mistake, per CBS News. Only one hour after market close, Lyft released a statement explaining that their estimate was off by quite a significant amount, with an actual projection estimate of 50 basis points, or 0.5%. “This is actually a c

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