The wall street Journal has published a report that Alphabet Inc. Google has expanded its carpooling services - Waze Rider – for all users in the San Francisco Bay Area.
The elaborated details of the report suggest that in May, Google has launched a new pilot program of its carpooling services through Waze app. But only 25,000 employees has access to the app. which has been acquired for navigation and mapping in 2013 by the company.
Today, Waze shares its riding facility with all users across the San Francisco Bay Area. Now anyone can sign up in the Waze app and any computer can use the ride-sharing service as a Waze rider.
Uniqueness of Waze!
Waze aims at linking riders with drivers who are going in the same direction unlike Uber and Lyft Inc., who works on-demand taxi. Also, Waze offers low fares for each ride.
It’s already heat in the air after Google has shown its interest in the transportation segment. And if everything works out efficiently Google might expand its services to further cities.
Zacks Rank
Today, Alphabet has a Zacks Rank #3 (Hold). Stocks worth considering in the industry include LinkedIn Corporation LNKD, TrueCar, Inc. TRUE and MeetMe Inc. MEET.
LinkedIn sports a Zacks Rank #1 (Strong Buy) and witnessed a 0.13% rise in its stock price in the last trading session.
MeetMe, Inc. carries a Zacks Rank #2 (Buy) and witnessed a 1.14% rise in its last day’s stock price. TrueCar, Inc. holds a Zacks Rank #2 and gained 1.07% in the last trading session.
