Facedrive globe and mail

Facedrive is a Canadian company that has been making headlines recently, particularly after its stock price surged following a partnership announcement with The Globe and Mail.

Here's a brief summary:

Facedrive is a Toronto-based company that operates a ride-hailing platform, similar to Uber or Lyft. However, Facedrive focuses on sustainable transportation, using electric or hybrid vehicles to reduce carbon emissions.

In November 2020, Facedrive announced a partnership with The Globe and Mail, one of Canada's largest newspapers, to provide a ride-hailing service for the publication's employees and subscribers. The partnership aims to reduce the environmental impact of The Globe and Mail's operations and provide a convenient transportation option for its users.

The partnership was seen as a significant win for Facedrive, as it marked the company's first major partnership with a large corporation. The deal also helped to increase Facedrive's visibility and credibility in the industry.

As a result of the partnership announcement, Facedrive's stock price surged, with the company's shares increasing by over 50% in a single day. The stock price continued to rise in the following weeks, with Facedrive's market capitalization reaching over $1 billion.

The partnership with The Globe and Mail is just one example of Facedrive's efforts to expand its reach and reduce its environmental impact. The company has also partnered with other organizations, such as the City of Toronto, to provide sustainable transportation options.

Overall, Facedrive's partnership with The Globe and Mail is a significant development in the company's growth and expansion plans, and it highlights the growing importance of sustainable transportation solutions in the ride-hailing industry.