Reported 14 days ago
Lyft announced plans to establish a technology hub in downtown Toronto by the second half of 2026, marking the city as its second-largest tech center following San Francisco. The new office will support hundreds of employees in various functions, reflecting Lyft's strategy to enhance its international presence and diversify growth beyond the U.S. market, as rides in Canada saw over a 20% increase in the first half of 2025. This expansion also aligns with Lyft's recent acquisitions aimed at strengthening its global footprint.
Source: YAHOO