Uber Leaving London! How will the company deal losing their biggest market in Europe?

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Uber’s chief executive, Dara Khosrowshahi, apologized in an open letter on Monday for the company’s “mistakes.” Apparently Uber will not be renewing its transportation authority in London.
“While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the way,” Mr. Khosrowshahi wrote. “On behalf of everyone at Uber globally, I apologize for the mistakes we’ve made.” Apparently, the main issues that were occurring were difficulties with Uber's background checks on their employees. Some criminals would easily slip through the cracks, and with the position that Uber is in now with complaints about criminal drivers, it was an easy decision for the new CEO to back out.

This statement by the new CEO seems nerve racking for Uber as a company. Any time a CEO admits there are major flaws in their own company, that is bad news and it seems like it will only get worse as time passes for the transportation company. As Uber intends to with draw from their biggest European market, it seems as though that might be the best more. Some times companies need to digress in size in order to fix major issues at hand. That seems to be what Uber is doing, which is a very valiant effort in many people’s opinions.

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