Lyft CEO says ‘My bad’ after earnings typo sends stock up 60%

Noooo?! These guys wear suits and ties, so it's super cereal.

Like the top 10% own 90%? Doesn't looks like a fraud, it's just business.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

Eh, they're off hours traders anyway. They're gambling speculators by definition. Who cares about 'em.

The market is only real because people believe in it. Unless you plan to be on the board of a company, the stock is worth exactly the expected dividend, which most stocks no longer pay. There is no intrinsic value to a stock… people will pay you a spot price today only because of the expectation they will sell at a higher price later. Without that belief, there is no value.

Retail traders have zero chance against the big corps and hedgies. Manipulation is rife

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

We had more concrete evidence of that for a long time.

For the first offense. Each subsequent offense should have the percentage double.

He hasn't earned anything unless he sold while it's up and that would be public information.

So I wanted to know where the phrase milquetoast comes from bc it's a weird word and thought I should share my findings bc it is cool.

from Caspar Milquetoast, character created by U.S. newspaper cartoonist H.T. Webster (1885-1952) in the strip "The Timid Soul," which ran from 1924 in the "New York World" and later the "Herald Tribune." By 1930 the name was being referenced as a type of the meek man.