Amazon value could reach $1 trillion Lyft services set to start in Toronto

Amazon, the US e-commerce and cloud computing giant, may reach $1 trillion market value milestone within a year, said Morgan Stanley in a research note to clients this week. Amazon’s stock price has gained over 51 percent since the beginning of this year, and the current market capitalization is near $546 billion. Morgan Stanley reiterated its overweight rating for Amazon shares, and said its market value could be doubled by the end of 2018. The research estimates that Amazon’s first- and third-party core retail business will be worth $600 billion. Amazon Web Services will be worth $270 Ride-sharing company Lyft planning to expand its ridesharing service for the first time beyond its home country into Canada. Lyft said on its official website that it will launch its passenger service in Toronto, the largest city north of the border, during the upcoming holiday season. The ride-hailing service said it would start recruiting drivers for the service in Toronto and has promised to offer a 25 percent Power Driver Bonus on all rides for the first three months. Lyft, a transportation network company based in San Francisco, United States, is an arch rival of ride-hailing giant Uber, which is said to have 40 million customers worldwide. is