GM reportedly tried to buy Lyft

If GM were to buy its way into the on-demand driver industry, Lyft would be the obvious choice: the company has already has $500 million invested in the company as part a partnership to build an self-driving taxi service. Sources from both The Information and TechCrunch say GM went as far as to put money on the table, but to no avail. For now, Lyft is holding fast to its independence.

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Author: Jagdeep

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