Enlarge / A Lyft-branded car picks up a passenger in San Francisco on June 20, 2015. (credit: Ramin Talaie | Getty Images) In September, we found out that Alphabet was possibly about to invest in the ride-hailing company Lyft. On Wednesday, Recode reported that the speculation was correct, and Google's parent company is leading a $1 billion round of investment that raises Lyft's valuation to $11 billion.
Similar Stories to Alphabet Leads $1 Billion Investment In Lyft, But Is Gm On The Way Out? on Bing News
Jonathan M. Gitlin, Ars Technica
Thu, 10/19/2017 - 2:15pm
BING NEWS:
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The threat of automated taxis poses a significant risk to Lyft's future viability. Read more to see an overview and analysis of LYFT stock.
05/20/2024 - 7:39 am | View Link - Minnesota lawmakers reach Uber, Lyft deal to raise pay for drivers
The Minnesota State Capitol was active overnight Saturday into Sunday morning as lawmakers passed multiple bills, including one designed to raise pay for Uber and Lyft drivers.
05/19/2024 - 3:23 am | View Link - 3 Reasons I'll Take Uber Stock Over Lyft Despite the Lousy Response to Q1
There's also the not-so-minor detail that Uber is considerably more profitable than Lyft is -- not just on an absolute basis, but on a relative one as well. Uber's adjusted Q1 EBITDA of $1.38 billion ...
05/13/2024 - 12:00 am | View Link - Lyft: Q1 Earnings Snapshot
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. The ride-hailing company posted revenue of $1.28 billion in the period, which also ...
05/7/2024 - 4:56 am | View Link - What’s Going on With Apple, Tesla, and Alphabet?
Alphabet is also setting the expectation that capital investment will likely continue at its current pace, reaching nearly $50 billion. However, the company is cutting jobs and consolidating teams ...
05/2/2024 - 1:00 pm | View Link - More
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