Securities
Mar. 7, 2024
Another class complaint filed over Lyft’s earnings report
Lyft CEO David Risher took responsibility for the blunder, calling it ‘an unacceptable error.’
Lyft Inc. was hit with a putative shareholder class action in federal court a month after the rideshare company released an earnings report that mistakenly projected its 2024 margin expansion to increase by 5% rather than 0.5%.
The San Francisco company did not respond to a request for comment on the lawsuit filed Tuesday. In an interview with Bloomberg shortly after the report came out on Feb. 13, Lyft CEO David Risher took responsibilit...
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