Téo Taxi: more stories
The collapse of Téo Taxi has repercussions beyond the layoff of drivers: some older cabbies were renting their permits to Téo as well.
QMI is pushing hard on the angle of public money poured into Téo. Considering how Bombardier soaks up corporate welfare, this is small beans.
Brett 21:53 on 2019-02-01 Permalink
The Provincial Government pumped money into Téo in an attempt to placate the Taxi medallion holders who were irate at seeing the value of their taxi medallions fall in price due to competition from Uber. By keeping Téo afloat and more importantly visible, the Government was hoping to push the idea that “One taxi, two systems” could exist by showing that a regulated company duly following the rules could hold against an American startup that didn’t bother following any of the byzantine regulations. Sadly, precisely because officials impose far too many rules and regulations on the taxi industry, even Téo taxi couldn’t survive, even despite all the mostly free publicity from mainstream media and the Government money. Now that Téo is gone, I think we’re going to start seeing a repeat of the Taxi driver protests of 2016.