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Benzinga

Business

Surbhi Jain

Lyft Finds Its Robotaxi Mojo—But Uber's Still In The Fast Lane

Lyft Uber Nasdaq Waymo Alphabet Inc Google Uber Technologies Inc United States

Lyft Van

Lyft Inc. (NASDAQ:LYFT) just scored a 10% stock pop on its first robotaxi deal with Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo. It's a headline win, but in a market where Uber Technologies Inc (NYSE:UBER) is worth 25 times more, the bigger question is whether Lyft just found a new growth engine—or merely a momentary spark.

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