Uber might become the first $1T company in the world and it's not about processing taxi fees at all. It's about that self-driving cars are already safer than h

Uber might become the first $1T company in the world and it's not about processing taxi fees at all. It's about that self-driving cars are already safer than humans. In 5 years potentially, nobody would drive their cars by themselves anymore, because self-driving cars are 5 times safer than humans driving them. For that reason, people would have to pay 5 times more for insurance if they want to drive the car themselves --> nobody would drive cars by themselves anymore. Then, where do you order get these self-driving Google cars? You order them through Uber(http://techcrunch.com/2013/08/25/uberauto/)and http://techcrunch.com/2013/08/25/uberauto/)and that's why they can raise at a valuation 100x of their $200M revenue (http://techcrunch.com/.../leaked-uber-numbers-which-weve.../ http://techcrunch.com/.../leaked-uber-numbers-which-weve.../). Uber menttioned that the ground transportation market in San Francisco is around $22B and this is for 800,000 people (http://qz.com/218717/what-people-who-think-uber-is-worth-17-billion-believe/ http://qz.com/218717/what-people-who-think-uber-is-worth-17-...). Now multiply this by 10,000 so that you are at 8B people and you have a market of 220 trillion dollars. Now that number is probably a bit too high, but that's why Uber is valued at $17 billion right now.