Scale. One can reliably get an Uber almost anywhere. That makes it attractive to travelling businesspeople and jet setters, two price insensitive customer segments that Uber almost singularly dominates.
Network effects. Ubers are almost always among the fastest transportation options in most cities.
Breadth. I never use Uber Eats, but apparently it’s doing quite well.
(I don’t know if the above gets me to $70bn. It does, however, point to a gargantuan business.)
> Scale. One can reliably get an Uber almost anywhere. That makes it attractive to travelling businesspeople and jet setters, two price insensitive customer segments that Uber almost singularly dominates.
Indeed. I was shocked to not be able to get one in China a couple of months ago
When I land in Sydney, or Seoul, or Paris, or New York, I don't want to have to work out what app to get, download it, set it up, set up payments, and then hope it works.
On the other hand Uber really let me down in Nairobi last year. with an airport pickup, so I don't rely on it there now, and will pre-book a legacy transfer to/from the airport now. They need to keep the quality up across all those cities otherwise they risk someone else winning.
Scale. One can reliably get an Uber almost anywhere. That makes it attractive to travelling businesspeople and jet setters, two price insensitive customer segments that Uber almost singularly dominates.
Network effects. Ubers are almost always among the fastest transportation options in most cities.
Breadth. I never use Uber Eats, but apparently it’s doing quite well.
(I don’t know if the above gets me to $70bn. It does, however, point to a gargantuan business.)