• Morning Agenda: London to Ban Uber

    1 month ago - By NY Times

    The move by the British capital's transportation regulator is a significant setback, as the ride-hailing service deals with trouble on multiple fronts.
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  • One of Uber's biggest rivals in London dropped its prices by 50% after TfL decided not to renew Uber's licence

    One of Uber's biggest rivals in London dropped its prices by 50% after TfL decided not to renew Uber's licence

    1 month ago - By Business Insider

    Mytaxi, a rival to Uber in London, is aiming to capitalise on Uber's misfortune by cutting its own fares by 50%.
    Uber lost its licence in London on Friday after transport regulator Transport for London said it was was not "fit and proper." Uber said it will challenge the decision in court.
    Londoners are outraged by the decision and many of them are wondering how they will now get from A to B in the same cheap and easy fashion that Uber allowed them to.
    Within minutes of the news being announced, mytaxi tweeted: "50% off fares now, we are undercutting UberX on the news that they are not fit...
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  • Shares in Just Eat jumped after Uber lost its licence to operate in London

    Shares in Just Eat jumped after Uber lost its licence to operate in London

    1 month ago - By Business Insider

    LONDON - Shares in food delivery platform Just Eat briefly jumped on Friday morning after it was ruled that ride-hailing app Uber will no longer be allowed to operate in London, its biggest UK market.
    Shares climbed aggressively just after 11.00 a.m. BST , jumping roughly 20 pence per share to a high of £6.9350.
    The rationale behind the jump seems to be that traders believed that the ruling from Transport for London - which said Uber was not "fit and proper" to hold a licence - will have a negative impact on Uber's food delivery business Uber Eats, and allow Just Eat, a direct competitor...
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  • Uber loses its license to operate in London

    Uber loses its license to operate in London

    1 month ago - By Tech Crunch

    In a huge blow to Uber in the UK London's transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL's regulation of London's taxi and private hire trades is designed to ensure passenger...
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  • There is a chance Uber is about to lose its London licence

    There is a chance Uber is about to lose its London licence

    1 month ago - By Business Insider

    LONDON - There's a chance you won't be able to use Uber in London after next week.
    The ride-hailing company faces the possibility of losing its licence to operate in London, with a decision from the capital's transport regulator potentially coming today, a source told Business Insider.
    London is Uber's biggest market in the UK, with around 40,000 registered drivers, according to figures given by the company. But if Transport for London decides not to renew Uber's operator's licence in the capital, the company will have to can its operations in London. The firm currently holds a four-month...
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