Zoox’s robotaxi service is making its way to the streets of Foster City, California in a first-of-its-kind trip for the company since it was created 9 years ago. Zoox was purchased by Amazon in 2020, and it has since worked tirelessly to create an entirely autonomous experience for riders.
Lyft shares are underperforming compared to its main competitor, Uber, spiking concerns that the rideshare company may have to offset its losses with price gouging and cost-cutting measures.
Uber announced it reached a record revenue last year, overcoming the economic downturn many companies have faced in recent months.