Uber’s London Ban Marks Global Backlash for Ride-Hailing Giants
- Passenger safety regulations are opening another battlefront
- Investors are increasingly spooked by regulatory crackdowns
Nov. 25: Uber Dropped the Ball and Needs to Step Up Its Game in London, Wedbush's Ives Says
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Uber Technologies Inc. and its rivals disrupted global transport, riding on a lack of regulation to drive exponential growth. Now, regulators are closing in.
London’s transport authority banned Uber for a second time on Monday, citing concerns about customer safety after vulnerabilities in the app let drivers fake their identities in thousands of rides.