Fidelity Subtly Hedging On Uber By Very Publicly Investing In Uber's Hated Archenemy

Someone is smirking under their pink mustache.
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What could Uber possibly have done to warrant such callous betrayal?


Fidelity, one of the most prominent mutual funds that's been backing well-known tech "unicorns," has participated in Lyft's $500 million extension of its newest financing round, according to an announcement by the ride-hailing company.

When will you learn your lesson, Silicon Valley? There is no such thing as "friends" in the world of big boy finance.

Uber investor Fidelity backs rival Lyft [Axios]