Uber must leave Italy in 10 days after nationwide ban
Trouble seems to follow Uber wherever it goes. A court in Rome has just banned the ride-hailing service in Italy for contributing to what it says is ”unfair competition” faced by the local taxi industry. Uber must now stop promoting its services and cease all operations in the country within 10 days, unless it’s willing to pay a $10,600 fine for each day it remains active after that grace period. While Uber’s $70 billion valuation makes that amount sound like chump change, it hasn’t exactly been profitable and actually bled billions in 2016.
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