Just another Network site

Alphabet Unit Leads $1 Billion Investment in Lyft

Lyft Inc. raised $1 billion in a deal that values the ride-sharing startup at $11 billion, steps up competition with rival Uber Technologies Inc. and builds ties with internet giant Alphabet Inc.The new money will help Lyft doubling down on the U.S. market, where it has made gains against Uber but...Alphabet’s growth investment arm, CapitalG, led…
Read More...