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by boreas
3934 days ago
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BlaBlaCar is actually owned by SNCF, the French state-owned railway company. So Blablacar is actually part of the government monopoly on all long-distance travel (even highways cost money to use). I don't think it's the best standard-bearer for the European startup scene. |
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Even if it were so owned, its entire history looks like a startup (lots of financing rounds, building out the product, about having to raise capital), so even if there was a buyout, it overcame whatever regulatory hurdles should have prevented this kind of thing in France.
Where are you getting this information?
[1] http://bfmbusiness.bfmtv.com/entreprise/la-sncf-investit-28-...