London was shaken up last week by news transport disruptor Uber was set to lose its licence to operate in the city from 30 September, due to a number of failings.
The city was divided by the news - some were in full support of the Mayor of London Sadiq Khan and Transport for London (TfL) for going ahead with the ban - but many were dismayed at the impact on their daily lives. After all, "uber" has become the equivalent of "taking a taxi" in Londoners' vocabularies. But aside from Uber's specific maladies, there are bigger picture implications as to what happens to market disruptors such as Uber, Netflix or Airbnb when they become big enough to draw the attention of the authorities and face crackdowns on the way their businesses are operating. ...
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