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Eco-friendly carsharing Facedrive announced bankruptcy threat

... fraud, as he sold a significant amount of the company’s shares, due to which the company's assets were catastrophically depreciated. Facedrive's history began in 2016 as a car-sharing startup and has become one of the fastest growing businesses in Canada. While many business sharks continued to ignore environmental concerns, Facedrive offered its customers a choice between using electric vehicles and hybrid driving. The company actively worked with local authorities to begin planting trees to compensate for damage caused by road transport. Facedrive subsequently acquired ...

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