Téo Taxi: a turning point?
Feels like the collapse of Téo Taxi is a moment that will be seen later as a turning point. It’s sad that an effort to create a taxi service where the vehicles were electric and the drivers decently paid turned out not to be viable. TVA is noting that Alexandre Taillefer hadn’t lost much of his own fortune in the collapse. He hasn’t been interviewed yet either.
Update: Taillefer says he lost $4 million in the collapse.
Another update: according to the Journal, Taillefer lost $1.5 million.
The Globe and Mail has a Konrad Yakabuski piece about how “Quebec Inc.” was no match for Uber, but I can’t even see it on a private browser. You’re welcome to go read it if you’re subscribed. (But see below.)
dhomas 08:53 on 2019-01-30 Permalink
I made an archive.org backup of the article for anyone who wants to read it (haven’t done so myself yet).
Blork 11:15 on 2019-01-30 Permalink
Nice dramatic headline from CTV: “Alexandre Taillefer says he lost everything in Teo Taxi’s bankruptcy.”
When you say a wealthy person has “lost everything” that’s supposed to mean they have lost all their wealth. The article says that he lost his entire investment in Téo ($4 million) but that’s not the same as “losing everything.”
Kate 21:31 on 2019-01-30 Permalink
dhomas, thanks for the link. Blork, check out the last update above, where the Journal says Taillefer lost only $1.5 million.