Uber Loses License To Operate In London, Again

In just two years, Uber Technologies Inc (NYSE: UBER) lost its license to operate in London due to a pattern of failures in both safety and security. London is one of Uber’s most vital markets, sadly for its black cab drivers who even blocked streets as part of their protest, arguing their existence is harmed by an inferior service. Uber’s rapid growth in London is often quoted as a successful expansion story.