Uber to lose London license, Facebook drops share shake-up
Uber to lose London license, Facebook drops share shake-up
1:30

Uber to lose London license, Facebook drops share shake-up

Tech Industry
This is CNet and here are the stores that matters right now. Uber is set to lose it's licence to operate in London by the end of the month. City regulator transport for London announced on Friday, it will not renew Uber's private high licences when it expires on September 30, saying the company had demonstrated a lack. Of corporate responsibility. In an email sent to staff Uber CEO Dara Khosrowshahi said, there was a high cost to a bad reputation. But the company would vigorously appeal the decision. Facebook has ditched plans for a stock shakeup which would have allowed CEO Mark Zuckerberg to attain control of the company while selling off his shares In 2015, Zuckerberg and his wife Priscilla Chan announced they would give away 99% of their shares over their lifetime. Zuckerberg says that plan stands, but he can still maintain voting control for the next 20 years or more. [MUSIC] And finally, the US Department of Homeland Security has confirmed election systems in 21 states were hacked in the lead up to the 2016 election While vote counting was not affected, the news once again raises questions about the integrity of election systems. Homeland security did not disclose the states affected, however Associated Press reports that key states Arizona, Virginia, and Wisconsin were among the states notified. [MUSIC] [MUSIC] Stay up to date with the latest by downloading the C net tech today app in the Apple or Google Play stores.

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