joining us on the fourth quarter earnings is the ceo, david risher, and a clerical error, what happened? david: it is on me, they are eyes on the press release but on me, my bad. i do not want to take it away from the but kicking performance that the business did thanks to the employees and millions of drivers. we had our financially strongest quarter that we have ever had and i am super excited about it. ed: to be clear, this was simply a mistake? human error? the stock rose as much as six and 7%. it is significantly higher this morning and we can talk about the performance in the quarter gone and the current period. it might sound bizarre but it is a real question. did you guys is ai to write the press release? seriously or is this as simple as a clerical error? david: we are not at the point where press releases can be written by ai, at least night financial releases. caroline: i hate to ask it because jobs are on the line and i want to ask is the cfo's role safe and is this going to have repercussions from the membership and employee base? david: it is 100% safe. look, she and the t

fifth to david risher. want to get your ken polcari stair on the strikes -- ken polcari tear on the strikes and they're -- commentary on the strikes and workers say they're tired of working 80 hour as week to make ends meet. do you understand their complaint? >> i do. we've responded in a very direct way. the strike haves been planned for weeks, maybe months but just last week, we had a new release that drivers will make guaranteed 70% of what riders make. you mention that had drivers are looking for more transparency. so we not only guarantee that 70%, we also give them weekly summary that shows exactly what riders paid you and you took home and what lyft took home. we think as you mentioned, it's lyft, uber, and door dash as well. maybe you canner and door dash has their own strategy and focused on making it a great obsession with drivers. liz: you make weekly begans too drivers get 70% after the exogenous fees and why isn't that enough to avert them from striking? >> it's been in the bobs for a long time

joining us to discuss the rest of the results, david risher, the ceo of the company. want to get into the taylor swift effect, into what is happening today here on valentine's day because i know there will be some driver issues we should discuss. i want to start with, i don't know if it is a fat finger or what happens in terms of editing the press release, if you will, but how that extra zero got on there. >> yeah, i mean, look, it was a bad error and that's on me. that's on me. but i don't want 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 financial history. that's what i want to focus on. >> i'm sure a lot of people want to focus on it and i know this is more of a short-term issue, but we are going to have gary gensler on the program literally in about 15 minutes and one thing that the s.e.c. looks at is when these things happen, and whether they are going to fine companies, what they should be doing to try to keep all these things from happening, can you just sort of walk -- fo

coming up we will talk to david risher joining bloomberg technology up next.an calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> from the heart of where innovation, money and power collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde at the world headquarters in new york. ed: i am ed ludlow in san francisco and this is bloomberg technology. caroline: we sit down with the ceo of lyft to run through the results and break down the clerical error that led to

you don't want to miss the cnbc interview with david risher later today. >>> robinhood had stronger thanxpected revenue and lower costs. helping boost costs as well ther and more seasoned traders move to the platform. they high light stronger momentum and the most monthly deposits since 2021. be sure to catch the interview with vlad tenev. >>> the company hit as what it calls an inflection point. airbnb announcing an approval to buy back $6 million. shares down 6% this morning. >>> coming up, why double lines jeff gundlach says investors may have gotten a little too bullish. our steve liesman is here to weigh in. we'll be right back. much more "worldwide exchange." ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. awkward question... is there going to be anything left... —left over? —yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo. and i didn't live in that shoebox for years. not just— with empower, we get all of our f

colleagues will be speaking to david risher. do not miss that cnbc interview. >>> and don't miss nelson peltz's interview at 5:00 p.m. cti. >>> and coca-cola largely met sales expectations as higher prices helped the beverage maker helped with a volume decline. unit case volumes rose in rival to pepsico which saw price hikes lead to a 4% drop in volumes. ceo james quincy laid out his plans for the company. >>> we're going to have some areas of tailwinds where things are going to go well. economies like india are going to continue to do well, australia, a number of other markets are going to do well. the u.s. will slightly pick up through the year, but overall we think about in terms of there's going to be tailwinds and head winds and things we know are going to happen and things that will be surprises. our focus is what we can control in investing in our business so we can have an all-weather strategy that plays through all the headwinds and tailwinds. know how up and down and crazy it's been. if we have the right set of capa ca

. >> that's lyft's ceo, david risher, on "squawk" this morning talking about that company's earnings error, initially sent the stock soaring more than 60% in afterhours trading. >> i think this will be an s.e.c. investigation, trying to figure out whether it was anybody who may have been involved in some sort of s chicanery, which i don't think is the case. it's a shame. it was a real good quarter. >> bookings up 17. not as much as uber's, but still revenue up, positive free cash flow this year. >> yeah. risher came on "mad money." he's a delight, by the way. he's taught more people to read than anybody. he spent years after amazon just working on literacy in africa. i mention that only because sometimes there's a little bit of a context you got to put for a guy. but he did a connect women initiative, which worked, and he's doing an airport initiative for on-time, which has been terrific. david, i think the ultimate takeaway is when you look at lyft and you look at the buyback, you know, from uber, what you can say is, this is one of the -- still one of the great growth stocks. >> oh