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Lyft raises $1 billion from big new ally in battle with Uber

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lilly
1026 Rider Guru
 Posted 4 years, 11 months ago
Lyft Inc. raised $1 billion in a deal that values the ride-sharing startup at $11 billion

Read more at:
//economictimes.indiatimes.com/articleshow/61149675.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Comments

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    ippei
    1202 Rider Driver Guru
     4 years ago

    Long way to go before $70B of Uber, but $11B isn't shabby.

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      StuffinMuffin
      863 Rider Driver
       4 years ago

      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.

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    CasPer
    330 Rider
     4 years ago

    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?