1 - “desperately search for profitable business” - UBERs core business is a breath away from profitability. And trending quickly in the right direction. Looking at their corporate overhead and new market bets it’s clear they could cut their way to profitability today. But they are chasing a larger prize.

2 - Logistics is mind bogglingly difficult and capital intensive. Uber’s built in driver base has idle time that is an outrageously deep moat in competing in this space. Uber has 3 million drivers, say each vehicle costs $10k avg that is $30b In free capital equipment that they are starting with. Their internal traffic / route data that they collect from all 3m drivers all the time is the richest in the world. FedEx - for example - has “only” 85,000 vehicles.