💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Google expands nascent ride-sharing service: WSJ

Published 08/30/2016, 04:23 PM
Updated 08/31/2016, 09:30 AM
© Reuters. A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France
GOOGL
-
GOOG
-

(Reuters) - Alphabet Inc's (O:GOOGL) Google unit plans to open its ride-sharing program to Waze app users in San Francisco this fall, pitting itself against Uber Technologies Inc [UBER.UL], the Wall Street Journal reported.

Google in May launched a pilot program around its California headquarters which allowed several thousand area workers at specific firms to carpool together with users of its Wave navigation app, according to the WSJ report. (http://on.wsj.com/2bzJrcN0)

Alphabet executive David Drummond on Monday resigned from Uber's board due to increasing competition between the companies. Google in 2013 had invested $258 million in Uber, but now increasingly see each other as rivals, the WSJ reported.

© Reuters. A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France

Google did not respond immediately to a request for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.