Uber will appeal a decision to repeal its operating license, but the decision by Transport for London is a major blow for the embattled transportation network company.
"Uber has been stripped of its London licence in a surprise move that dealt a serious blow to one of Silicon Valley’s fastest rising companies and sparked an outcry from a coalition of customers, government ministers and drivers at the ride-hailing company," reports Sarah Butler and Gwyn Topham.
Uber will appeal the decision, which will not take effect until October. Uber can also operate until the appeals process is complete—a period that could last for months.
"[Transport for London] said it had rejected the company’s application to renew its licence because “Uber’s approach and conduct demonstrate a lack of corporate responsibility” in relation to reporting serious criminal offences, obtaining medical certificates and driver background checks," add Butler and Topham. TfL's decision is explained in an announcement made public on September 22, 2017.
FULL STORY: Uber stripped of London licence due to lack of corporate responsibility
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