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I like Lyft quite a lot as a company. However, partnering with another company is often a bad sign. It means Lyft needs more cash and isn't able to innovate eno

I like Lyft quite a lot as a company. However, partnering with another company is often a bad sign. It means Lyft needs more cash and isn't able to innovate enough on its own to survive in the market. Additionally, $500 million to "work on developing a so-called autonomous on-demand network of self-driving cars" is a demoralizing statement. 500m is not enough to complete this goal, especially for such a large company as General Motors. From the uninformed sidelines, I predict this is a hail mary pass with a minimal chance of success and long term support.

frakkingcylons 11y ago
True, it's not enough to complete the goal, but it might be enough to get started with a pilot program in a city or two in order to test the waters and gauge its potential.
frandroid 11y ago
Do you even _know_ how much money Uber has raised so far? Lyft is already being outspent by Uber in many aspects. It's not that Lyft doesn't have proper market fit, it's that Uber has raised megatons of cash.