Montreal company aimed to provide an alternative to Uber, but wages and overhead made it difficult to compete

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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