Lyft CEO Sees Autonomous Vehicles Including Alphabet's Waymo As Game-Changer For Ride-Hailing, Not A Threat: 'The More AVs… The Better Lyft Does'

Quick Summary:

In San Francisco, where Waymo offers autonomous rides to the public, Lyft’s market share is roughly flat, the CEO said.“That suggests that either the market is increasing or they’re taking share from somebody else.

Risher commended Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous driving unit Waymo, saying it is “pretty remarkable” to see a car driving with no driver.

What Happened: “The more AVs, the more rideshare market expands, and the better Lyft does,” Risher said during the company’s fourth-quarter earnings call on Tuesday.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesJapan

Topics: News Electric vehicles Benzinga EVs Mobility LYFT Tech US38259P5089 GOOGL GOOG David Risher Autonomous vehicles US38259P7069

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 11:48:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 26102930

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