Uber Stripped of its License to Operate in London

London's transport regulator on Friday stripped Uber [UBER.UL] of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app, Reuters reported.

"Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications," Transport for London (TfL) said.
 
The final day of Uber's license will be on Sep. 30