SoMa Equity: Uber Is Viewed As A Commodity Business

Notes from SoMa Equity Partners’ Gil Simon presentation from the 2020 SohnX San Francisco Conference. See the full coverage here. Q2 2020 hedge fund letters, conferences and more Gil Simon of SoMa Equity Partners Uber Transportation industry Current position, global leader in service Most competitors are regional Highly valued platform Viewed as commodity business Truly number 1 in every region Rides and eats Has ability to launch new services Volatile history Cultural and PR battles with Travis Very distractive Can now optimize business model 3 overhangs Covid, regulation, profitable Each of 3 can be solved over next year Covid, ride…