London Unexpectedly Revokes Uber's Operating License; Company Vows Court Challenge
In a stunning blow to the world's most valuable private company (purportedly worth some $70 billion), London's taxi and livery car regulator has said it won't renew Uber's operating license once it expires at the end of the month. The regulator said Uber "is not fit and proper to hold a private hire operator license."
"TfL considers that Uber's approach and conduct demonstrates a lack of corporate responsibilit in relation to a number of issues which have potential public safety and security implications. These include: