You really cannot be too careful these days.
The tiniest error will lead to catastrophe.
The smallest of mistakes will amplify into something entirely.
The infinitesimally meniscal slip can destroy confidence, trust and hundreds of billions of dollars in value.
Just ask Lyft.
In big business, annual reports and corporate finance, every digit counts.
But for Lyft, a misstep in their latest earnings report proves just how costly a simple typo can be.
The ride-sharing giant, known for navigating city streets, apparently took a wrong turn in their financials, and the impact was more than just a bump in the road.
When Lyft’s fourth-quarter earnings hit the news, investors were revved up by the apparent revelation of a colossal 5% margin expansion.
Ok 5% don’t sound a lot to you and I but in the world of big businesses like Lyft, that translates to millions and carries a lot of implications.
The stock soared, only to crash back down when the company admitted the actual figure was a mere 0.5% — just…
