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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Look, it’s not our sharpest work. But to be fair, it wasn’t the world’s sharpest press release.
If you’ve been under a rock, here’s the latest via the Borg:
Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.”
“First of all, it’s on me,” Risher said in an interview with Bloomberg Television on Wednesday, taking the blame for a typo in a company press release Tuesday that erroneously projected a particular measure of earnings margin to expand by an eye-watering 500 basis points. (In reality, Lyft expects margins to grow by 50 basis points.) “This was a bad error,” he said, “but it was one zero in a press release.”
Damned clerics!
Anyway, if you want to commemorate Risher et. al’s gaffe, boy oh boy do we have the t-shirt/sticker for you over on the FTAV swag shop (wow two promos in one day). It’ll look great under your gilet.
— Click here for black-text-on-white
— Here for white-text-on-black
— Here for the sticker version
— Here to be taken to a random article from the Alphaville archives
Further reading
— Lyft shares go on wild ride after earnings release error (MainFT)
— Caution: Lyft out of order (FTAV)
