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Lyft shares rise on typo in quarterly report

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Lyft shares surged more than 60% in after-hours trading Tuesday after a typo in its latest earnings report painted an inaccurate picture.

The report initially indicated that Lyft’s adjusted EBITDA margin as a percentage of bookings could rise by 500 basis points in 2024.

The margin actually is forecasted to grow by 50 points.

Read more from Forbes.

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