Last month, we reported on rumors that Alphabet, Googles parent company, was considering investing in Lyft. Now, Lyft has announced that CapitalG, which is Alphabets growth investment fund, is leading a $1 billion financing round in the car-sharing company. This brings Lyfts total valuation to $11 billion.
Alphabets interest in Lyft isnt that surprising, if you think about it. Its already clear that Alphabet is interested in self-driving cars, as the company owns Waymo. A…Read more
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