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Lyft Inc. raised $1 billion in a deal that values the ride-sharing startup at $11 billion
Lyft raises $1 billion from big new ally in battle with Uber
Posted 7 years ago
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Comments
Long way to go before $70B of Uber, but $11B isn't shabby.
Untill these two comapnies figure out the profitability, it's all about market positioning and a game of playing market shares. The real race begins when the AVs come out, and today's valuation will play into where in relative to the start line you are standing.
Yay to Lyft!
but at the end of the day, it's Google, right? Will Waymo end up using Lyft's software and leverage the current user base? Is that what's happening?