Lyft Stock Is Plunging – It’s Only a Matter of Time Until Google Gobbles It Up

  • Date: 04/19/2020

Things are about to go from bad to worse for Lyft. Until recently, the rideshare stock had been trading alongside rival Uber. The two were moving in tandem as investors looked at the growing potential for the overall industry. But with coronavirus significantly cutting down traffic, Lyft’s weaknesses are starting to rise to the top. But Lyft’s pain could be Google parent Alphabet’s gain. The tech firm’s autonomous driving arm, Waymo, desperately needs a platform on which to roll out its fleet. Waymo has been partnering with various companies, as well as trialing its own customer-facing platform to find a B2C platform that works. But the company has yet to commit.

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