Diabytes
Lyft Inc News
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Lyft plans to interview investment banks next month as it puts together its roster of IPO underwriters, the sources added, cautioning that no roles have formally been awarded.
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CapitalG partner David Lawee will join the company`s board, Lyft said, bringing it to a total of 10 directors.
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Self-driving cars are expected to reinforce the move away from individual car ownership, by driving down the cost of a ride and driving up the cost of vehicles.
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An injection of support from one of Silicon Valley`s largest companies could be a boost to Lyft as the No. 2 ride provider battles rival Uber Technologies Inc for market share.
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