Uber Loses London License, Will Appeal Decision

November 25, 2019
Transport for London has denied Uber's license to operate in that city, a huge blow to the rideshare giant in one of its biggest markets. Uber's London license lapsed at midnight for the second time in two years. Uber will appeal the decision and can operate in the meantime. The company's stock is falling on the news. We spoke to Nicholas Farhi, Partner at OC&C Strategy Consultants.