SoftBank, Alphabet billionaires swap ride-hailing bets

SoftBank, Alphabet billionaires swap ride-hailing bets

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Photographer: Mark Kauzlarich/Bloomberg

The future of the ride-hailing industry depends on the capricious largesse of two internet billionaires on opposite sides of the globe. Alphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in larger rival Uber Technologies Inc.

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