Uber to Be Profitable Within Three Years, CEO Says

Bloomberg (01/23/2018)
  • New CEO Dara Khosrowshahi believes the rollout of driverless taxis will push Uber into profitability.
  • Uber lost $1.46 billion in its most recent quarter (+40% from prior quarter), adding to billions in losses since starting in 2010.
  • The company plans on offering driverless taxis in some cities within 18 months and expand after mapping software improves.
  • In 10 years, Uber plans offering flying taxis.
  • Dara’s ultimate goal is to get Uber “back to normalcy” following government investigations and sexual harassment allegations that forced ex-CEO Travis Kalanick to resign.