NasdaqGS:LYFTTransportation
Lyft’s Israel Approval Raises New Questions On Growth And Regulation
Lyft, Inc. (NasdaqGS:LYFT) has received preliminary approval to operate in Israel, alongside other ride hailing platforms.
The approval is pending full consent from Israel's parliament before commercial services can formally launch.
The move signals a potential expansion for Lyft beyond its current core US market footprint.
Lyft runs an app based ride hailing platform that connects riders with drivers, with its business still largely centered in the US. The progress in Israel comes at a...