The ride-hailing app on Thursday said it has secured $1 billion of new funding led by an Alphabet fund that boosts its valuation by some 50% to $11 billion. Six months ago, Lyft raised $600 million from a conglomeration of investors. As part of the arrangements done to facilitate the $1 billion financing on Lyft, David Lawee, a partner in CapitalG, is also joining the ride-hailer's board of directors.
"Ridesharing is still in its early days and we look forward to seeing Lyft continue its impressive growth", Lawee said in a statement.
Lyft has gained market share in the US this year as Uber suffered from executive turnover and self-inflicted wounds, including a protest over the company's ties to the Trump administration.
Lyft is deepening ties to Alphabet despite its partnership with General Motors, which has invested $500 million.
In February, Waymo, Google's self-driving vehicle company, had filed a lawsuit against Uber for allegedly using its stolen technology on autonomous driving.
Lyft has had talks with investment banks about an initial public offering next year, according to two people briefed on the discussions, who asked to remain anonymous because the conversations are confidential. The great interest Alphabet has in this small ride-hailing startup indicates that the Waymo autonomous vehicle technology might get better integrated into Lyft's transportation system.
CapitalG is a separate entity from GV, Alphabet's venture capital arm, which invested in Uber in 2013. This once-promising partnership went sour once Uber began dabbling in self-driving auto tech, essentially intruding on the territory of Waymo. Waymo has accused Uber of stealing trade secrets after it hired a former Google employee.
"It is another punch by Alphabet at Uber", said Erik Gordon, an entrepreneurship expert at the University of Michigan's Ross School of Business. The attitude has worked in one sense - at its last funding round it tipped the scales at almost $70 billion. As the Financial Times described it, this means that Google's parent company, which is a major shareholder in Uber, is "switching sides" at a significant moment.
"This thing likely goes up from here", Maris said. Lyft's losses stood at $600m, but later the company stated that it would become profitable by 2018. Even if the SoftBank deal goes through as expected, a well-financed Lyft is a blow for new Uber Chief Executive Officer Dara Khosrowshahi.
The resulting vanilla silk, off-the-shoulder gown is now part of the First Ladies Collection at the Smithsonian Institution. Trump introduced him, calling Pierre "a true artist and a real professional", The Post reported.
According to the Hollywood Chamber, the star will be dedicated in the category of "Recording" at 1750 N. The wait for Selena's star on the Hollywood Walk of Fame is over, her family announced on Facebook.
Gordon Hayward suffered a horrific leg injury in the Celtics' season opener against the Cavaliers Wednesday (AEDT) in Cleveland. And just five minutes into the National Basketball Association season, Hayward's first season with the Celtics is already over.
The petition is just the latest move by Trump and his administration aimed at the National Football League protests. The Sunday after Trump's comments, more than 200 players took a knee during the national anthem.
Nearly all these deaths occurred in low and middle income countries, where pollution could account for up to a quarter of deaths. Its dangers lie in respiratory and heart diseases including lung cancer, which can develop from long-term exposure.
City is on a maximum of nine points and should need to win only one of its last three games to qualify for the knockout stage. De Koster added: "He can't expect to win the Ballon d'Or at the moment, he's still far from footballers like Messi and CR7".
The next play, Carr threw it to Cordarrelle Patterson in the back of the end zone, and caught it out of bounds. Giorgio Tavecchio booted the extra point in front of a crowd of 55,100 at the Oakland Coliseum stadium.
About three hours after the stabbings, police arrested a man matching that description who had initially tried to evade officers. Police investigating a knife attack that left four people wounded in the German city of Munich have arrested a suspect .
This is particularly disturbing in light of the volatile standoff between the United States and nuclear-armed North Korea . The White House fact sheet outlining Trump's new Iran policy accuses Iran of "unrelenting hostility to Israel".
The Genesee County sheriff says a rock hit a southbound vehicle's windshield near the Dodge Road overpass on I-75. A GoFundMe page seeking to raise $8,000 was started and is called " Burial Help for Kenneth A White ." .
In his place will be WWE Hall of Famer Kurt Angle who will be making his return to a WWE ring for the first time since 2006. WWE .com announced today that Roman Reigns and Bray Wyatt are off of the show due to medical issues that are impacting them.
Of those families who agreed to speak, about nine said they had contact with the president while nine others said they had not. President Donald Trump's latest Twitter foe is a Democratic U.S. congresswoman from Florida who wears a glittering cowboy hat.
Of Course Patrick Beverley Shut Down Lonzo Ball
Isaac had 4 points, 8 rebounds and 2 blocks in Orlando's 116-109 victory over Miami. "I just had to set the tone, man", he said. You can get him better with the film time and the coaching.
OBC leader Alpesh Thakor to join Congress
"I am very happy that Mr Thakor had a meeting with our vice president and agreed to join the Congress party". Apart from these leaders, the Congress also hinted at forging a pre-poll alliance with Sharad Pawar's NCP.
NOAA Issues a Winter Weather Outlook
Last winter was one of the warmest on record, and there were still a number of significant snowstorms. The climate signals in these areas are not strong enough to tilt the odds either way, NOAA said.
Jose's injury update after win over Benfica
Mourinho told BT Sport afterwards: "We were in control". "We put men around him on corners so he can not come out", Mourinho said. But Matic, who also played under Mourinho at Chelsea, has revealed why he thinks the Portuguese manager is hard to work with.
De Bruyne: Man City, United fighting for title
He continued: 'I think we're pretty much what he wants. "Against Napoli, It was 2-0 and we knew it wasn't over". City can extend their six-game winning streak when they host Burnley in the league on Saturday.
Dow soars to open above 23000 for the first time
Shares of the world's first big computing company jumped 7.65 percent, after the company reported quarterly revenue beat. Shares of Anthem ( ANTM.N ) were up 1.9 percent, while shares of Tenet Healthcare ( THC.N ) were up 5.3 percent.
Trump's Approval Rating Stays at 37 Percent — CNN Poll
Politico/Morning consult surveyed 1,991 registered voters online, with a margin-of-error of plus or minus 2 percentage points. Forty-four percent of independent voters think the media make up stories about Trump, and 31 percent think they do not.