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COMING UP:Share Opener Variant 4

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Transcript

00:00:02
>> Uber is calling on Londoners for help. Hours after the city's transport regulator on Friday said that it was stripping Uber of its license, Uber CEO Dara Khosrowshahi tweeting Dear London: we r far from perfect but we have 40k licensed drivers and 3.5mm Londoners depending on us. Pls work w/us to make things right.
00:00:23
Reuters correspondent Heather Summerville.>> What Uber's playbook has been is really just to go into cities, forget about regulations, ignore regulations, ignore politicians and build their business. And once they build there business, they often have very loyal riders who will help them lobby their local representatives to keep Uber in the city.
00:00:45
Now often that has been sufficient, and Uber has been able to stay. At times it's been kicked out of cities, such as Austin, Texas, but after being gone for a period of time the drivers and the passengers want the company back. And they get concessions from the local regulators and the local politicians.
00:01:02
What's interesting about London, is this is a case where Uber actually played by the rules more than it normally does. It had a license to operate, even before it started operating, and yet clearly, it couldn't come to an agreement with the regulators there.>> The move by Transport for London was a huge blow for Uber, the reason is it says, Uber lacks corporate responsibility and added the behavior posed potential safety and security implications.
00:01:27
The city's mayor, Sadiq Khan also backed the decision, but Uber says that it will appeal the decision. Uber is allowed to continue to operate until the process has finished. Uber has suffered many scandals globally and in recent months had a string of allegations of sexism and bullying that led to the former CEO and co-founder Travis Kalanick stepping down.
00:01:48
The App has also been forced to quit several countries including Denmark and Hungary and faced regulatory battles in multiple US states and countries around the world.