Google just delivered a $1 billion blow to Uber (GOOG, GOOGL)

Lyft just raised $1 billion in a funding round led by CapitalG, the investment arm of Alphabet, Google's parent company.
Alphabet has forged a close relationship with Lyft. Waymo, Alphabet's self-driving-car company, has partnered with Lyft on the technology.
Lyft is now valued at $11 billion.Lyft just secured $1 billion in a funding round led by Alphabet's investment arm, CapitalG, giving it a post-money valuation of $11 billion.
Lyft has been growing its cash cushion to take on Uber. The $1 b