Lyft's stock rose by 62% on Tuesday evening due to a typo in its earnings release.
Details: In the release, Lyft estimated a profit margin would expand by 500 basis points, or 5 percentage points, when in reality it was expected to grow by 50 basis points.
Lyft CFO Erin Brewer corrected the "clerical error" during a subsequent earnings call.
The intrigue: Market watchers can't remember the last time a typo triggered such a big stock reaction, per the Wall Street Journal.
What they're saying: Lyft CEO David Risher took responsibility for the error and quickly pivoted during an interview with CNBC on Wednesday.
"Look, it was a bad error, and that's on me. But I don't wan't it to take an ounce of attention away from everyone at Lyft who busted their butts to deliver the best financial quarter in the company's history," said Risher.
