Sat. Nov 28th, 2020

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10.40am GMT

Uber shares drop 6% in premarket after regulator strips it of London license

10.37am GMT

Uber has hit back, saying it is “extraordinary and wrong” of TFL not to renew its London licence.

The company says it has audited all its London drivers in the last two months, and is setting up a new “facial matching” process to protect passengers.

Uber says it will appeal

“TfL’s decision not to renew (the) licence in London is extraordinary + wrong”

“Over the last 2 months we have audited every driver in London. We will be introducing a new facial matching process, which we believe is a 1st in London taxi/private hire.”

Continue reading…Rolling coverage of the latest economic and financial newsLatest: IFO survey shows German economy picking up Hang Seng index has jumped 1.5% todayPro-democracy party triumphsFull story: Hong Kong voters deliver landslide victory for pro-democracy campaigners 10.40am GMTUber shares drop 6% in premarket after regulator strips it of London license 10.37am GMTUber has hit back, saying it is “extraordinary and wrong” of TFL not to renew its London licence.The company says it has audited all its London drivers in the last two months, and is setting up a new “facial matching” process to protect passengers.Uber says it will appeal“TfL’s decision not to renew (the) licence in London is extraordinary + wrong””Over the last 2 months we have audited every driver in London. We will be introducing a new facial matching process, which we believe is a 1st in London taxi/private hire.” Continue reading…

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