Not The Onion

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

submitted 9 months ago by [email protected] to c/nottheonion

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[–] [email protected] 7 points 9 months ago (1 children)

If misreported data makes the system not work, that just means the system’s designed to work on real information not fake information.

[–] Emotional_Sandwich 2 points 9 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 9 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.

[–] Emotional_Sandwich 1 points 9 months ago

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