Uber wins court battle to keep operating in London
Uber has overcome a ban on operating in London, its biggest and most lucrative European market. The firm lost its license to operate in the UK capital in 2017, after regulatory body Transport for London declined to renew Uber's permit, citing a "lack of corporate responsibility." Although the firm had been operating under a temporary arrangement, it now has a 15-month "probationary" license to prove that it can be a good corporate citizen.
During a two-day hearing at Westminster Magistrates' Court, Uber was open about its past missteps under founder and former CEO Travis Kalanick, who fostered a rather unique corporate culture that had a very limited regard for the law. Under new CEO Dara Khosrowshahi, Uber has tried to patch up its reputation and turn a profit as it prepares for an IPO in 2019.
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Uber wins court battle to keep operating in London originally appeared on BGR.com on Tue, 26 Jun 2018 at 13:19:57 EDT. Please see our terms for use of feeds.