Uber barred from London

Illustration: Lazaro Gamio / Axios

London's transportation regulator announced Friday that it will not renew Uber's hire license, calling the ride-hailing service "not fit and proper" to hold one. Uber has 21 days to appeal the decision, during which it can continue to operate.

Perspective: Uber has around 3.5 million users and 40,000 drivers in London.