In 3 years we might look back at $UBER as the company that was the single largest beneficiary of changing consumer behavior due to COVID.

...thoughts?

I’m long and very bullish on the company.

These are from an $UBER investor deck but they’re currently in 2 x $5T markets and 1 x $4T market. Even if those markets are 50% smaller than these estimate (I don’t think they are), Uber has a path to a decade+ of revenue growth

The companies primary market (Mobility) was hit extremely hard by Covid, but Delivery was an incredible hedge. Very few businesses with their core product hit this hard, could come out as strong as $UBER did.

$UBER grocery and new verticals exited 2020 with a $1.5B rune-rate in gross bookings. Also rolled out ads and Uber Direct, Connect, and Postmates. All set for very strong growth

Freight was 2% of 2020 gross bookings and likely won’t grow as fast as mobility & delivery, but it will still be a very significant contributor if the company executes (which they have proven to do very well so far)

They have the playbook from delivery + mobility... freight is a different market, but I think they can pull it off

$UBER hit an inflection point in 2020 and I believe its global network of riders + drivers, app, and ability to execute have set it up for a very productive future.

I believe Negative sentiment around autonomous threats, lack of profitability, etc will be proven wrong