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Controversy Of Uber Has Banned In London

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On Sunday, September 24, it was officially announced that Uber, a transportation technology company, is banned in London. According to t London’s Ban of Uber Has Sparked a Major Controversy On Sunday, September 24, it was officially announced that Uber, a transportation technology company, is banned in London. According to the Guardian, Uber will not be allowed to renew its license to operate on the streets of London. This announcement has sparked an outcry from both customers and Uber drivers. However, the London transportation department justified this decision on the basis that Uber does not operate within the safety regulations of the city. For example, Uber’s failure to conduct proper background checks on their drivers. If one wants to be a taxi driver in London, they are required to take various tests and go through a specific process. But if one wants to be an Uber driver, they can simply register pass a simple background check. According to Vox, this decision will affect about 30,000 Uber drivers and approximately 3.5 million customers. In response, Uber plans to take the issue further at the court appeals in London and continue to operate in the meantime. …show more content…

Now run by Dara Khosrowshahi (CEO), it functions under the private sector of business. However, it is required to operate under laws of the nations in which it operates. It reaches its stakeholders through mobile app or website. Founded in 2009, it is headquartered in San Francisco. Uber is a for-profit company, and it is a privately held company. However, in 2016, it has had a net loss of 2.8 billion dollars. Because Uber is competing with other companies such as Lyft, Ola, Curb and other companies in the tech-transportation market, such an issue could potentially bring a major blow to their

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