Uber License Ban in London Overturned by Court

Uber Technologies (NYSE: UBER) won its court battle with London regulators after a judge today ruled the ridesharing company has sufficiently changed so that it is no longer a risk to the public and should have its license restored, CNBC reports. London is Uber's largest European market with some 45,000 drivers and 3.5 million users of its app. London's transportation regulator, Transport for London (TfL), first failed to renew Uber's license in 2017 and then stripped the ride-hailing app of its license altogether last year after the agency cited a "pattern of failures" that included allowing unauthorized drivers to gain access to the system and pick up at least 14,000 passengers.