In London- Uber stripped of its license as regulator says it fails to give a safe ride to passengers
On Monday, Uber was stripped of its license in London by the city’s transport regulator, which claimed about failures that put passengers at risk. San Francisco based Uber said- it plans to appeal Transport for London’s decision, mentioning the move “extraordinary and wrong”. Due to this issue, shares of uber fell over 1% after the ruling. This appeal will change nothing for passengers and drivers who use the Uber app for the time being. But somewhere, this ban represents a huge blow to the ride-sharing firm. In 2017, TFL had suspended Uber’s license, showing concerns with the company’s approach to safety. Following the last decision, uber was twice granted a temporary license to continue rides in the city- first, issued by a judge 15 months ago and the second- two-month permit granted by TFL in September. TFL said- Uber has made several changes and improvements to its culture, leadership, and system in the period since the chief magistrate granted a license in June 2018.