Uber has lost its license in London. Transport for London cited “several breaches that placed passengers and their safety at risk” including concerns about imposter drivers. London represents 3% to 5% of Uber’s business. Uber has 21 days to file an appeal and can continue operating during the appeals process. It posted a $1.16 billion loss in the latest quarter and its shares fell 1.5% in New York.
It’s the latest chapter in Uber’s rocky history with London transport officials, who have subjected the San Francisco-based tech company to ever tighter scrutiny over concerns about passenger safety and security.
Also read: Uber loses license in London over safety, vows to appeal
