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UBER STRIPPED OF OPERATING LICENSE IN LONDON:
Uber has lost its license to operate its ride-hailing services in
the city of London, Business Insider
reports
. Transport for London, the city’s transportation
regulator, announced that it will not renew Uber’s license, which
expires at the end of the month. However, Uber can continue to
operate past that date as it appeals the decision, which Uber has
already signaled it intends to do.

The regulator said Uber’s approach to vetting its drivers
and reporting criminal offenses by its drivers was
inadequate.
It also cited Uber’s use of Greyball, a
software program that Uber used to disrupt regulatory and law
enforcement investigations into its business practices, as
another reason for not renewing its license. Uber had been
granted a four-month temporary license in May while Transport for
London conducted a review to determine whether it would grant
Uber a five-year license to operate in the city.

 London is one of Uber’s most important markets —
the company has 3.5 million users and 40,000 drivers
there,

according to
Reuters. It is by far Uber’s most important
market in the UK, where the company operates in 40 cities. Uber
countered the regulators’ statements, saying that it has never
used Greyball in the UK to disrupt an investigation, and that it
follows the same background checks and criminal-reporting
procedures as regular taxi…

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