Slashdot Mirror

← Back to Stories (view on slashdot.org)

Uber CEO: We Could Be Profitable -- We Just Don't Want To Be (fastcompany.com)

Posted by msmash on from the closer-look dept.

Uber CEO Dara Khosrowshahi said he's not worried that his company lost $4.5 billion last year and claimed the company could "turn the knobs" to be profitable if it wanted to -- it just doesn't. From a report: Khosrowshahi made the comments at the Goldman Sachs Technology and Internet Conference in San Francisco this week where he explained that if Uber did turn those knobs to be an immediately profitable company it would "sacrifice growth and sacrifice innovation." He also spoke optimistically about the impact self-driving cars will have on transportation costs.

3 of 106 comments (clear)

  1. Sad Day by kackle · · Score: 1, Informative

    You may mod me off-topic, but my Opera 12 finally stopped working with Slashdot today ('fatal security connection error') and I am sad. :(

  2. Re:4.5 Billion? With a B?!? by hnjjz · · Score: 5, Informative

    In its three biggest losing years, Amazon suffered losses of $0.7 billion in 1999, $1.1 billion in 2000, and $0.6 billion in 2001.

    https://revenuesandprofits.com...

    In fact, Amazon's losses in its first 8 years (1995-2002) together totaled $3.0 billion, which is still less than what Uber lost last year alone.

    Amazon became profitable in 2003, nine years after its founding. Uber will be nine years old next month.

  3. Re:4.5 Billion? With a B?!? by AmiMoJo · · Score: 3, Informative

    Knowing Uber I'm guessing hookers, blow and access to the office sex dungeon for investors.

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC