On 4 July, European Court of Justice’s Advocate General Szpunar released an opinion stating that UberPop should be considered illegal, adding to the string of losses for Uber in the European court system.
In recent years, smartphone-enabled applications such as Uber have gone a long way to resolve the market imperfections which gave rise to taxi regulation in the past. GPS technology and Big Data have spurred market innovations which reduce informational asymmetries, facilitating transactions between passengers and drivers.