Uber lost its license to operate in London last week. Transport for London determined that the ride-sharing company hadn't done enough to tackle fraud on its platform, including fraud committed by drivers who had managed to game Uber's system, driving under false identities after they had been dismissed or suspended.
It's distressing news for Uber executives already under pressure to boost the company's sagging share price. But Uber has a plan. It's going to get rid of its drivers altogether and run its business through a fleet of self-driving cars.
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