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: It’s approach to reporting seriouis criminal offences. It’s approach to how medical certificates are obtained. It’s approach to how Enhanced Disclosure and Barring Service (DBS) checks are obtained. It’s approach to explaining the use of Greyball in London, software that could be used to block regulatory bodies from gianing full access to the app and prevent officials from undertaking regulatory or law enforcement duties.”
This post was published at Zero Hedge on Sep 22, 2017.