Lyft Stock Surges 67% After Earnings Typo and Celebrity Boost

Lyft's stock surged 67% in after-hours trading after projecting adjusted earnings and margin expansion, but the company later corrected its statement, attributing the mistake to a "clerical error." Despite the error, Lyft reported strong earnings and bookings, signaling a potential turnaround in its efforts to challenge Uber. The company's fourth-quarter results showed growth in gross bookings and active riders, but it still lags behind Uber in market share. Additionally, Lyft is facing challenges from drivers preparing to strike over low pay and treatment by the app companies.