Whether or not this is down in any part to those who fight change when disruptors impact a market, it highlights more than anything just how important compliance and corporate responsibility are in today's business world - now more than ever.
Affecting 40,000 drivers who rely on Uber for some or all of their income is a massive blow.
Uber will not be issued a new private hire licence, Transport for London (TfL) has said. TfL concluded the ride-hailing app firm was not fit and proper to hold a private hire operator licence. Uber's approach and conduct demonstrated a lack of corporate responsibility which could have potential public safety and security implications, it said. Uber said it would immediately challenge the decision in the courts. In a statement, Uber said: "Transport for London and the mayor have caved in to a small number of people who want to restrict consumer choice." It said the decision showed the world that "far from being open, London is closed to innovative companies".