UBER LONDON LOSES LICENSE

Who is actually Driving these Cabs ??  Beyond belief tbh

Shirley a Major Security threat having Thousands of Unknowns  driving These cabs round the Capital ...

"Only in the last few months"

How long have this mob been in  operation ??

with passengers' safety potentially put at risk getting into cars with unlicensed and suspended drivers."

So no one has been hurt through the practice?

I doubt if it's passengers safety they're worried about.

It'll be pressure from the high charging competition who comply with the regulations.

KHAN needs to act now ,to get this Mob off the road .........

What about the crappy passengers ?

they can carry on whilst they appeal, an appeal which they will likely win despite chief magistrate emma arbuthnot (whose husband is involved with a firm that has close connections to uber) no longer being able to travel the country and find in their favour when they end up in court.

did the 12,000 drivers found to have invalid disclosure barring service checks have to carry out new checks? no they didnt, tfl merely swept that scandal under the carpet.

has anyone found to have obtained a fraudulent medical or english language certificate had their license revoked? no every time this has come to light tfl have swept it under the carpet.

any news on the driver who crashed at exhibition road causing a terrorism scare? i think there was a trial a but things went d notice quiet so who knows?

all ponzi schemes collapse and eventually uber will probably go under but it is unlikely that tfl will be the ones to bring them down. they still have enough cash to last another two or three years but i imagine they will struggle to find investors to give them more cash when their share price is down by a third since the ipo and losses are just as bad, if not worse, than ever.

they just spent $1.3 billion to generate an extra $1 billion in income. they have no path to profitability, they hoped to engage in predatory pricing to drive the competition out of business and so become a monopoly but the 'master plan' isnt working. their prospectus even said they may never make a profit. there is nothing unique about them or their technology, the language they use is the only thing unique.

I haven't looked at their finances in detail, though remember their previous earnings report was all about how big their losses were. I agree with you on their future, its hard to see how they can survive long term without a unique product. They're probably going to sell that autonomous taxi stuff to their investors? But Google and Tesla are way ahead on that, from what very little I understand of the industry.

the car manufacturers will also go for autonomous vehicles though i feel that is further off for mass transit than most do, i hear the technology struggles with snow and fog for starters.

At the end of the day with UBER we are paying the US commission to take a taxi in the UK.  It ain't good for the economy, so if we've got a reason to stop it then stop it.  They did the same with Betfair

I love chatting to proper London black taxi drivers , luckily I have right of centre old fashioned views so we get on like a house on fire

The local cab firm is the key for me. It is simply too easy for uber to say "we didn't know" to all sorts of violations when local firm would have been shut down and possibly prosecuted. Uber as an app working with local firms is fine, but working directly with drivers is always going to be a huge risk to the public that can't be tolerated.

the last time i checked (which was while ago) the number of mini cab firms had dropped by about a third since uber arrived, they have driven the smaller operators out of business i am afraid. tfl also have new rules about how much each firm pays for its licence and this works against small operators.

If Uber is so bad, what's the problem? It is just another option for those wanting to take a ride and with it being as bad as you guys make it out to be, surely it isn't a threat to the normal taxi drivers? What am I missing here? A bad service provider comes to town and everyone's p1ssed even though no one is forced to use that provider.

?

True. But there must be a reason people asking for these rides use it despite the dangers.

the london taxi trade is heavily regulated and this lot arent. they captured the regulator too, i have seen emails from senior tfl officials who were basically coaching uber in how to circumvent the regulations.

when bozo was mayor he came under pressure from cameron and osbourne to go easy on them and he did, one of his deputies recounted receiving many phone calls on the subject. cameron's close personal friend, godmother to his son, rachel whestone was a senior employee at uber london limited and osbourne ended up with a very well paid job at blackrock who are a major share holder. no cronyism here though.

Ok all jokes aside, let's be real. There is a market for Uber. It is the people who want to save money and don't give a feck if Abdul drives the taxi or someone else. You can call these people cheap charlies or these drivers illegals, it doens't change the fact that it is still a voluntary service not imposed on anyone and if it is so bad, it should go out of business soon.

they still have about $12 billion to burn through detraveller, enough for roughly three more years. at some point they will look to raise more and we will see then how things look for them.

Yes jolly it doesn't look good them financially but if they did manage to have 12 billion today. Just need a new story in 3 years time.