The £1.2bn Blue Whale Growth fund has taken a position into rideshare firm Uber, with the transport company debuting in the portfolio's top ten.
According to the fund's May update, Blue Whale felt that Uber had "solidified its position as the global leader in both the rideshare and food delivery industries" and made itself the "dominant platform in both categories". Blue Whale exits longstanding Nintendo holding in anticipation of 'mini-US recession' squeezing consumers It added that Uber was now "benefiting from scale, pricing discipline, and powerful network effects that create a near-impenetrable moat". Uber hosted its annual ‘Go-Get product event' earlier this month, where it unveiled a raft of new features and services...
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