Sure, but because the data can presumably be monetized in some way in order to return profit to the shareholders. It’s not like Softbank, Vanguard, or Blackrock are going around peering at the data.
Actually, phonics is partially right: some investors aren’t holding Uber because they think it’ll make them a profit. They’re (Vanguard, for instance) holding Uber because they are a large manager of passive index funds/ETFs and holding things, irrespective of their thesis on a company’s profitability potential, is what they do. Maybe that’s what he meant.
Edit: @
Queenslander