Lyft's Second-Mover Advantage Pays Off in Canadian Expansion
- Company has 10,000 Toronto drivers compared with Uber’s 30,000
- Ride-hailing startup says it wants to expand across Canada
This article is for subscribers only.
Lyft Inc. sat on the sidelines for years while Uber Technologies Inc. battled it out with Canadian regulators before the ride-hailing company expanded into the country. That strategy may have paid off.
Lyft has signed up 10,000 active drivers in its first five months in Toronto, about a third of long-time rival Uber, which has been operating in the Canadian city for years.