London’s transport authority announced Friday that it will not renew Uber’s license, saying the company is not “fit and proper” to operate in the city. The move, if upheld after an appeal, could deal a serious blow to Uber’s business. Transport for London cited the company’s approach to reporting serious criminal offenses, and the way it explained its use of software that prevents regulators and law enforcement from monitoring the app. London mayor Sadiq Khan said he “fully supports” the decision to not renew the license when it expires September 30.
— source money.cnn.com 2017-09-24