GM's current mktcap is about $53B. A $500m investment represents putting almost 1% of their company into Lyft. Tesla's mktcap is about half of GM's, so this inv

GM's current mktcap is about $53B. A $500m investment represents putting almost 1% of their company into Lyft. Tesla's mktcap is about half of GM's, so this investment represents 2% of Tesla. Uber's last valuation put them above both GM and Ford, so what GM is looking at is a Lyft competitor "worth" more than they are and they want in. I don't really care about talk of tech bubbles, but seeing older institutions invest so aggressively in startups is gnarly. Both Fidelity and Blackrock went into Uber and now GM owns a huge piece of Lyft. I don't really have a point. Just thinking out loud because I'm not sure what to think...