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

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 10 months ago (1 children)

How is a system supposed to know if self reported information is accurate or not? The stock market fluctuates based on bad info all the time.

[–] [email protected] 6 points 10 months ago (1 children)

In theory these kinds of disclosures are heavily regulated, and there are consequences for reporting incorrect info. I’m curious to see if that holds true here.

[–] [email protected] 1 points 10 months ago

Good point. I guess we'll see where this goes.