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Google’s Alphabet Takes Aim At Uber With $1B Investment In Lyft
https://consumerist.com/2017/10/19/googles-alphabet-takes-aim-at-uber-with-1b-investment-in-lyft/
A long time ago, in a ride-hailing era that now seems far away, Google and Uber were friends, with the internet giant plugging $258 million in Uber in 2013. Four years later, the two sides are embroiled in a legal battle over self-driving cars, and the tech company is pouring money into Uber’s biggest rival, Lyft, instead.
Lyft announced today that Alphabet’s investment arm, CapitalG, led a $1 billion round of funding in the ride-hailing company. CapitalG partner David Lawee will also be joining Lyft’s board of directors.