One too many zeros: Lyft shares rocket 62% on earnings typo that led to likely bot-buying frenzy

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: In this Jan. 31, 2018, file photo, a Lyft logo is installed on a Lyft driver's car in Pittsburgh. Lyft shares jumped 62% after the bell Tuesday, Feb. 13, 2024 thanks in part to a typo in the the ride-hailing company’s earnings release that sent investors’ auto-trading algorithms — also known as “bots” — into a buying frenzy. Cre ...