Alphabet just announced a $1 billion bet on Lyft — despite being an investor in Uber

Alphabet just announced a $1 billion bet on Lyft — despite being an investor in Uber

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/19/lyft-funding-alphabets-capitalg-invests-1-billion-dollars.html

There's yet another complication in Alphabet's relationship with start-up giant Uber.

CapitalG, an investment arm within Google-parent Alphabet, will lead a $1 billion funding round for Lyft, the companies said on Thursday. CapitalG Partner David Lawee will join Lyft's board.