Uber loses its license to operate in London

In a shock decision, the city of London has stripped Uber of Its license to operate in the city — dealing Uber a serous setback in one of Its largest markets.

The announcement: The city’s transportation agency said Monday that it had concluded that Uber is not “fit and proper” to hold the license, citing “a pattern of failures by the company including several breaches that placed passengers and their safety at risk.”

London Mayor Sadiq Khan pointed to 14,000 Uber journeys completed by drivers who had fraudulently uploaded their photos to other drivers’ accounts, circumventing the screening process.

Uber called the decision “extraordinary and wrong,” and said it would appeal. The company said it had audited every driver in London in the last two months and strengthened its processes.