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Taxi for Uber: Ride-hailing app giant stripped of licence to operate in London

Insert sadsack pun here

This is good news for consumers - not just from a safety perspective, but also because it will shatter Uber's monopoly in one of the biggest European markets. If Uber is banned and binned, it will open the door for competitors like Bolt, Ola, Kaptan, Wheely, Careem, Gett and others. Equally, regulators should find it easier to regulate multiple weak companies than one behemoth.

The Uber bubble is going to burst. You can't carry on losing money on every ride forever, and there's no way for Uber to make money other than total domination of the market, which is both impossible for them and bad for us. The Uber app was great - it's time to move on to other providers.

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