etvfutures.com
etvfutures.com November 19, 2017


Uber's biggest rival Lyft eyes Toronto expansion by end of year

13 November 2017, 07:43 | Cesar Cruz

Uber's biggest rival Lyft eyes Toronto expansion by end of year

Lyft Uber's rideshare rival has chosen Toronto for its first market outside the U.S. Future driver Khalid Ahmed will drive for Lyft when they set up shop here next month in Toronto

Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first global expansion for the US -based rival of Uber Technologies Inc. The news follows an earlier report that Lyft was poised to grab a third of the ride-hailing market in the U.S. in the latest sign that the company was continuing to profit off Uber's stumbles earlier in the year.

In an email sent to CP24, Lyft spokesperson Daniel Moulton said the expansion will be bringing a "new affordable transportation option" to Toronto consumers.

Lyft, the $11 billion Uber rival, is beginning its global expansion.

The company, which was once known for its pink-moustached cars, made the announcement on its blog.

Massive college party in Texas causes floor of apartment to collapse
Around 50 people have been evacuated from a residential building in Texas after partygoers caused an apartment floor to collapse. Denton police tell NBC 5 that they never received any 911 calls to complain about the noise before the collapse.


The ride-hailing service says it's recruiting drivers starting Monday in Canada's largest city and expects to begin service sometime in December.

The company has been US-focused and in many cases has avoided the controversy that swirled around Uber as its larger rival expanded to dozens of countries overseas.

On Thursday, he described progress in talks with regulators in London, who in September refused to renew Uber's operating license.

Last week, Lyft's rival Uber revealed competition between the two firms is driving losses in the US.



Other News

Trending Now

League victor Liam Miller, 36, fighting cancer
Miller began his career at Celtic where he played under now manager of the Republic of Ireland , Martin O'Neill. Former Celtic player Darren O'Dea added: "All my thoughts and love with Liam Miller and his family".

Knicks Starting Five: LeBron vs. Ntilikina?
That's gonna make some headlines but he should be a Knick. "It's definitely a shot at him, that's for sure", James said. Instead, he was likely aiming to praise Smith and disparage NY , due in large part to his history with Jackson.

I Had To Leave Chelsea To Get Playing Time - Ruben Loftus-Cheek
Last night he gave Joe Gomez, Ruben Loftus-Cheek, Jack Cork and Tammy Abraham global debuts, in the 0-0 draw with Germany . Loftus-Cheek is now on-loan from Chelsea at Crystal Palace , who are struggling at the bottom of the Premier League .

He feels good here - Mbappe adamant Neymar is happy at PSG
The father of Neymar denies pushing his son towards PSG in August. I think he's the flawless player for profiles like Neymar and me. There is nothing bothering me at my club.

Noctis from Final Fantasy 15 coming to Tekken 7
His addition to Tekken 7 is interesting, as he's the first non-fighting game character to be added to the roster. Final Fantasy XV main character Noctis Lucis Caelum will soon join Tekken 7 as a DLC character.

Kylie Jenner's Fans Are Convinced She Is Engaged
The snap showed her left hand on the wheel, rocking a massive diamond ring on her ring finger. This is after a diamond sparkler was spotted on her ring finger on Saturday.

With the new 2019 Corvette ZR1, Chevy builds the best 'Vette yet
The driver-focused, well-appointed cockpit includes standard leather-trimmed seats, with sueded microfiber inserts offered. Both wings are bolted directly to the chassis just like on a C7.R race vehicle , for strength and stability.

Global carbon pollution rises after 3 straight flat years
European emissions are expected to decline by.2 percent, which is also lower than the average decline of 2.2 percent per year. The report authors noted large uncertainties in the data persist and the true growth figure may be anywhere between 1 and 3%.

Uber driver dies after being struck in the head with hockey stick
We don't know the cause of death but we are sure it is related to the blow that knocked him to the ground. Police said Kosugi approached Tolk's Toyota Camry and banged on the hood with his hockey stick.

Hoosier Universities Recognized For International Students
No one factor led to the decline in new students, Goodman said during a phone conference with reporters last week. Purdue's ranking in the study overseas category improved to 23rd with 1,993 domestic students studying overseas .