For London, Uber is not yet over. But last week’s decision by the capital’s transport authority to reject the global ride-hailing firm’s application to renew its licence has put its long-term prospects in doubt.
Five years ago Aileen Lee, founder of Silicon Valley investor Cowboy Ventures, coined the term “unicorn” for a private company valued at more than $1bn.
Uber got a step closer to on-demand aerial taxis this week, as partner company Bell Helicopter unveiled a new flying car design in Las Vegas. The scale model of a hybrid-electric aircraft, called Nexus, is being exhibited at the 2019 Consumer Electronics Show in the city until 11 January.