Alphabet just put $1B on Lyft to take down Softbank’s bet, Uber. The Hustle Fri, Oct 20 Brought to you by Soothe Alphabet’s Capital G invests $1B in Lyft and now, it’s on Yesterday, Capital G announced a $1B investment in Uber’s mustached nemesis, bringing Lyft’s valuation to $11B. This huge investment, of course, comes […]
October 20, 2017
Alphabet just put $1B on Lyft to take down Softbank’s bet, Uber.
Alphabet’s Capital G invests $1B in Lyft and now, it’s on
Yesterday, Capital G announced a $1B investment in Uber’s mustached nemesis, bringing Lyft’s valuation to $11B.
This huge investment, of course, comes as Uber and Google’s Waymo duke it out in a fierce intellectual property lawsuit — and as Softbank nears a major investment deal with the U.
So what now, it’s Alphabet vs. SoftBank?
Basically. While the Uber-SoftBank deal isn’t finalized, it is well on its way, including a potential multi-billion cash investment and buyout of existing shareholders, in exchange for as large as a 22% stake in the company.
This is on top of SoftBank’s plan to pile more money on top of their recent $93B investment in their “Vision Fund,” created in hopes of acquiring stakes in some of Silicon Valley’s sexiest companies.
In other words, they want to take over SV.
But let’s get back to Lyft
This large investment from Alphabet comes at the tail end of a huge year for them. They’ve significantly expanded their footprint to cover 95% of the US, and have already inked deals with companies like GM, Ford, Drive.ai, Google’s Waymo, and Nutonomy to begin testing their autonomous vehicles.
Between these two corporate giants, this is really shaping up to be a fierce battle between King Kong and Godzilla. You can decide which is which.
“It’s a walk-off” — Billy Zane, Zoolander
What’s up with the environment?
Well, it’s still here, which is good news.
But in case you’ve been in the dark about the latest happenings, here’s an update on all things Mother Earth.
Jeff Bezos has opened a massive wind farm in Texas
In a move that can only be described as ‘peak Bezos,’ the yoked Amazon founder christened his latest project — Amazon Wind Farm Texas — by smashing a champagne bottle on a wind turbine while suspended 300 feet in the air.
The 100-turbine farm, purchased from Lincoln Clean Energy, is Amazon’s largest to date. The company now controls 18 wind and solar farms across the US and has plans to build 35 more in the coming years.
The government sucks at estimating solar installations
Bi-annually, the US Energy Information Administration (EIA) releases projections on energy usage. They’re usually wrong, but last year was an absolute doozy.
In 2016, the EIA underestimated solar power capacity in the US by — wait for it — 4,813%. Kind of a big deal, when you consider these figures are used to set national policies and regulations.
Germany’s got a bug problem
Usually, ‘bug problem’ means “WE’VE GOT A MOSQUITO IN THE HOUSE. GET IT THE F*&# OUT!” — Not in Germany.
In the past 25 years, more than three-quarters of all flying insects in the country’s nature preserves have vanished. Scientists are calling it an “ecological Armageddon,” and suspect that pesticides may be to blame.
We knew it: Drug companies purposely make eyedrops too big
Big drug companies aren’t exactly known as beacons of morality — so it comes as no surprise they’ve been duping us in the eyedrop department.
As NPR and ProPublica report, the human eye can only handle about 25 microliters (μL) without spillage — and it can only absorb 7 μL. Yet, the $3.4B eyedrop industry intentionally designs bottles that dispense drops of up to 50 μL.
Why? So consumers run out faster and have to buy more.
Despite numerous studies over the past 25 years showing that most of the typical eyedrop liquid is wasted — and despite proposals from good-guy ophthalmologists to design less wasteful products — the industry has refused to change.
Because, of course, reducing waste cuts into profits.
As a result, consumers take on the burden of additional purchases. And that’s a pretty big deal, considering that some glaucoma eyedrops run up to $295 per bottle.
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friday shower thoughts
Garbage bag commercials can stop proving the bag won’t rip and start showing that the string won’t break.
It’s cool that no matter how badly you spell Bendict Cucumberpatch you still know who it is.
Watching someone switch from laughter to crying is sad. Watching someone switch from crying to laughter is terrifying.
Security at every level of an airport is absolutely ridiculous. Until you get to the baggage claim. Then it’s just like take whatever bag you want.