Sorry Uber, Google Parent Alphabet Invests $1B in Lyft

John Zimmer

It's Lyft's second raise of 2017.

Bloomberg previously reported Alphabet was considering a $1 billion investment. GV invested in Uber in 2013 but has since had a strained relationship with the ride-hailing company, as Uber began to develop autonomous cars and compete directly with Alphabet. Lyft is deepening ties to Alphabet despite its partnership with General Motors, which has invested $500m. Lyft and Waymo (Alphabet's self-driving vehicle division) struck up a partnership earlier in May, and Alphabet choosing to lead Lyft's campaign in raising $1 billion reiterates Alphabet's dedication to remaining on as much of Lyft's good side as it can. But what was a promising partnership quickly turned rocky as Uber and Google became ostensible competitors in the self-driving and transportation spaces. It's a reflection of the balance of power in the ride-hailing market: Uber has served over 5 billion rides so far while Lyft only recently passed the 500 million mark.

Microsoft announces new Surface Precision Mouse
Certainly the device has a lot going for it on that front, including the 3240 x 2160 touchscreen display on the 15-inch version. Surface Book 2 (13.5-inch) with 7th Generation Intel Core i5, 8 GB RAM, 256 GB SSD, and integrated graphics.

Those obstacles have taken their toll: while Uber has been valued as high as $70 billion, that number could fluctuate pending an investment deal with SoftBank, the Japanese conglomerate that's been eying a major stake in Uber.

News of this possible investment may deepen the rift between Alphabet and Uber. But this year, Lyft has closed the valuation and market-share gap. As Axios's Dan Primack reports, Uber's most recent formal report placed its valuation around $60 billion, but SoftBank originally proposed pricing Uber as low as $50 billion. In March 2016, Google built an "Uber tab" inside its Maps app.

Ohio State Given New Deadline To Allow Richard Spencer Event
Spencer and the National Policy Institute first requested to rent speaking space at UF in August. Scott is also activating the National Guard to help with the event. "I don't think so".

What's also interesting about this deal is that CapitalG was a backer for Uber early on in the company's life.

European Union imposes oil embargo on North Korea in symbolic gesture
Of course, North Korea has carried out numerous missile tests, and they recently successfully tested a hydrogen bomb warhead. With this in mind, he said that the country had the right to manufacture nuclear weapons of their own in self-defence.

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