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Lyft Stock Surges 13% After Partnering with Waymo for Robotaxi Service
Lyft Stock Surges 13% After Partnering with Waymo for Robotaxi Service
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BTCCSquare news:
Lyft shares soared over 13% following the announcement of a strategic partnership with Alphabet's Waymo to launch an autonomous ride-hailing service in Nashville next year. The collaboration will leverage Lyft's fleet management expertise through its Flexdrive subsidiary, combining Waymo's scalable autonomous technology with Lyft's customer-centric platform.
"This partnership brings together best-in-class autonomous vehicles with best-in-class customer experience," said Lyft CEO David Risher. Waymo co-CEO Tekedra Mawakana emphasized the expansion potential, noting Lyft's fleet capabilities as key to their Nashville rollout. Initial rides will be available via the Waymo app, with plans to integrate the service into Lyft's network.
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