The London ban shows how much of Uber's business is based on regulatory arbitrage

Business Insider
By Jim EdwardsSep 24, 2017, 3:06 am184 pts
Uber has lost regulatory battles in dozens of cities. Even if it had not been banned in London, Uber faced a licence fee increase up to £2.9 million. The company lost a lobbying battle against a powerful union and its law firm. It was also hurt by a change in control of the mayor's office. That's a lot of…

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