September 28, 2020 | technology | No Comments
Uber can keep operating in London for another year and a half after winning its appeal of a decision by the British capital’s transit regulator not to renew its license.
The San Francisco-based ride-hailing company had challenged Transport for London’s decision in late 2019 not to renew its operating license over safety concerns involving impostor drivers.
Deputy Chief Magistrate Tan Ikram said Monday he found Uber to be “fit and proper” and granted the company an 18-month license extension, which comes with 21 conditions including providing regular, independent reports to authorities.
The company said the decision is a “recognition of Uber’s commitment to safety” and it will “continue to work constructively” with the regulator.
It’s a crucial legal victory in a lucrative European market as the company struggles to turn a profit. Uber posted a $1.8 billion loss in the latest quarter because millions of people stayed home amid the