Shelly Palmer Blog | Uber stripped of London license | Talkmarkets
Host of Fox TVs "Shelly Palmer Digital Living"

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio ... more

Uber stripped of London license

Date: Saturday, September 23, 2017 3:24 PM EDT

'Unfit' Uber stripped of London license, CEO tweets 'pls work w/us'

LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities.

In a break with the startup’s usual combative tone, Uber’s new Chief Executive Dara Khosrowshahi asked London to please work with the ride service. He told employees the company needed to act with integrity but that he did not believe Uber had done everything it was accused of in London.

Uber [UBER.UL], which has 40,000 drivers working in the capital, also said it would contest the decision.

The British capital’s transport regulator said the Silicon Valley technology giant’s approach and conduct was not fit and proper to hold a private vehicle hire license and it would not be renewed when it expires on Sept. 30.

Regulator Transport for London (TfL) said it would let Uber operate until the appeals process is exhausted, which could take months.

“Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications,” TfL said.

Specifically, TfL cited Uber’s approach to reporting serious criminal offences, background checks on drivers and software called Greyball that could be used to block regulators from gaining full access to the app.

Continue reading at Reuters.

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