Uber does operate in many cities, but its revenue is disproportionately concentrated in California: > “In 2018, we derived 24% of our Ridesharing Gross Booking

Uber does operate in many cities, but its revenue is disproportionately concentrated in California: > “In 2018, we derived 24% of our Ridesharing Gross Bookings from five metropolitan areas — Los Angeles, New York City, and the San Francisco Bay Area in the United States; London in the United Kingdom; and São Paulo in Brazil,” Uber writes in the S-1. “An economic downturn, increased competition, or regulatory obstacles in any of these key metropolitan areas would adversely affect our business, financial condition, and operating results to a much greater degree than would the occurrence of such events in other areas.” [0] https://nymag.com/intelligencer/2019/04/uber-s-1-new-york-city-could-destroy-uber.html https://nymag.com/intelligencer/2019/04/uber-s-1-new-york-ci...