July 21, 2017

Today would be the perfect day for Amazon to buy Lyft



Lyft app on iPhone
Image Courtesy of Lyft

Amazon expressed its voracious appetite for new corners of commerce last week with its agreement to spend nearly $14 billion to acquire high-end grocery chain Whole Foods .

Now, how will it get all of that chia pudding and college-educated beef to consumers?

Perhaps another company that could fit well in Amazon’s cart is ride-hailing company Lyft, rival to the scandal-ridden Uber, which as of today (June 21) has officially parted ways with CEO and co-founder Travis Kalanick.

Uber dwarfs Lyft in value. The latter was valued in April at $7.5 billion, compared with Uber’s nearly $70 billion. But Uber also eclipses Lyft in conflicts, leaving Lyft to look like the more moral choice among ride-hailing companies (though as my colleague Alison Griswold recently noted, that’s a very low bar ).

While Uber flails , Lyft has had a busy few months, forging a partnership with Waymo , (paywall) the self-driving-cars spinoff from Google parent Alphabet, and raising more money. Last year, General Motors invested $500 million in Lyft , with the aim of developing self-driving cars. GM paid $1 billion to buy self-driving startup Cruise Automation later that year .

But while transporting goods, not people, has been Amazon’s focus, Lyft’s network […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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