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Money Ride-hailing app Lyft expanding to Toronto

16:53  13 november  2017
16:53  13 november  2017 Source:   msn.com

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In a blog post, the company says it's coming to Toronto.

a close up of a car© Provided by thecanadianpress.com

It is Lyft's first expansion outside of the United States.

The company did not say exactly when the service would be available in the city, but says it will be "around to help ring in the holidays."

The move follows the controversial launch of rival Uber in Toronto a few years ago, which saw protests by taxi drivers.

Toronto city council introduced rules to allow the service to operate legally last year.

What's Uber worth? 30% less says one report .
Japanese investment company SoftBank is keen to take a big stake in Uber, but only at a fraction of the ride-hailing company's previous valuation.SoftBank would also plan to invest $1 billion in Uber at the $69 billion valuation, according to the report. At $10 billion, the investment would amount to one of the largest private stock sales in history.

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