Judge Gives Uber 15-Month License to Operate in London

Uber has been granted a 15-month period to demonstrate its reform under new CEO leadership. The company is adapting to stricter government oversight, which may serve as a model for other cities. Despite past challenges, Uber's established market presence makes it an essential service, allowing it to negotiate favorable terms and maintain its position. This situation could influence future regulatory actions, but Uber's global reach and willingness to collaborate are seen as strengths.

What is the significance of the 15-month period granted to Uber?

• It is a time for Uber to reduce its workforce.

• It gives Uber time to prove its reformation.

• It is a period for Uber to increase its fares.

• It allows Uber to expand into new markets.

Which of the following is a change Uber is implementing to comply with stricter oversight?

• Reducing the number of drivers

• Increasing ride prices

• Appointing independent board members

• Expanding to new cities

How does Uber's position as an essential service benefit the company?

• It allows Uber to charge higher prices.

• It makes it difficult for regulators to ban Uber.

• It allows Uber to operate without any regulations.

• It enables Uber to reduce its operational costs.

What advantage does Uber have over new entrants in the market?

• Exclusive partnerships with cities

• Ability to operate without licenses

• Lower operational costs

• Established customer base

Why is Uber more willing to collaborate with regulators now?

• To avoid losing its market share

• To expand into new countries

• To reduce competition

• To increase its profits