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Uber was banned from London in 2019 due to concerns about customer safety after it was discovered that the Uber app let drivers fake their identity in thousands of rides. Pressure to create more safety regulations for ride-hailing companies makes them more vulnerable to increased costs. As these companies regularly operate at a loss, new regulations could put them at higher risk for financial trouble. Regulators have been unapologetic, saying they must prioritize public safety.
Credit Suisse predicts that as many as 25% of U.S. malls will close by 2022 due to the rise of e-commerce, discount chains, retail bankruptcies and store closings.
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