>But one detail in particular caught my eye. About 24 percent of Uber’s bookings—all the money that customers pay through the app and in cash, including driver earnings—occur in just five cities: New York, Los Angeles, San Francisco, London, and São Paulo.
>For a company that operates in more than 700 cities, including quite a few giants—Mexico City, Tokyo, Paris, Lagos, Hong Kong, Seoul, and Mumbai, to name a few—that concentration gives Uber a surprising vulnerability at the local level. And they know it.
Acquisition for just SF could be sole justification.
If pattern is similar to Uber, SF would be one of the 5 core markets for Bird.
>For a company that operates in more than 700 cities, including quite a few giants—Mexico City, Tokyo, Paris, Lagos, Hong Kong, Seoul, and Mumbai, to name a few—that concentration gives Uber a surprising vulnerability at the local level. And they know it.
Acquisition for just SF could be sole justification.
If pattern is similar to Uber, SF would be one of the 5 core markets for Bird.