Uber Loses London Operating License
Uber will not be issued a new private hire license in London according to Transport for London (TfL). TfL concluded the ride-hailing app firm was not fit and proper to hold a London private hire operator license.
Uber has been one of the largest business disruptors in the world and saw tremendous profit in London. Taxi drivers and other public transportation companies were hit hard and believe that Uber has had an unfair advantage.
- What strategies should Uber management use to fight back against strong opposition to their service?
- What role should government agencies play in managing new entrants that disrupt well entrenched industries?