This company got a government infusion of funds
"Téo Taxi's parent, Taxelco, received $9.5 million in government grants, and the Couillard government authorized a $4-million loan. The Caisse de dépôt et placement du Québec, the province's public pension fund, and Investissement Québec, a provincial business development fund, also injected cash a year ago, to help expand the fleet. On Tuesday, the company halted operations, leaving 450 people out of work.
"Téo Taxi today is not yet profitable and, above all, no longer has the support necessary to continue its activities," Dominic Bécotte, the company's co-founder and board chair, said at a news conference."
Moral of the story...government should never be picking winners or losers, the market should
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