Lyft takes $135.7 million hit on Argo AI shutdown

Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced […] Lyft takes $135.7 million hit on Argo AI shutdown by Rebecca Bellan originally published on TechCrunch...