Uber boss says it won't make money in USA for six months

Uber boss says it won't make money in USA for six months

Given Lyft's staying focused on Toronto, it's unclear whether or not you can go truly insane and order a ride to, say, Vancouver.

The Canadian city is Lyft's first outside the United States.

The move follows aggressive expansion in the USA, where Lyft has also benefited from stumbles at rival Uber.

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

A spokesman confirmed that Uber will be unprofitable overall, although some cities may break even.

Last year, city council voted in favour of a package of regulations that effectively legalized ridesharing services in Toronto. Lyft has repeatedly met with London regulators.

Olivier Giroud says the trust of Arsene Wenger validates Arsenal stay
The suspected injury means he could be a doubt for the North London derby against Tottenham at the Emirates next Saturday. The news comes a real worry for Wenger ahead of the Gunners' showdown with arch rivals Tottenham Hotspur in a week's time.

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

But he dismissed the prospect of further consolidation similar to the merger deals Uber struck with competitors in China and Russian Federation.

The company has long talked about having ambitions outside its home country in past, and its primary rival Uber has a strong worldwide presence, but thus far, it has focused on expanding its coverage with the US and upgrading its service offerings.

That said, Lyft, too, doesn't expect to be profitable imminently given its aggressive expansion plans, according to sources.

Khosrowshahi outlined the challenges in Southeast Asia, where Uber has had to spend heavily to compete with local ride services Ola and Grab.

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