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Uber’s CEO Sets New Target

Dara Khosrowshahi says that he wants Uber to be profitable within three years.

Editor’s Remarks: Since its inception, Uber has relentlessly prioritised global domination over profits. Over the next three years, however, new CEO Khosrowshahi wants to pull the company out of the red and start generating profits. Speaking at Davos, he also added that Uber would continue to make “very aggressive investments”, drawing a line across any sort of radical cost-cutting program. In Q3 2017, Uber lost $1.46bn, compared to $1.06bn in Q2. Despite barely being six months into the role, Khosrowshahi has so far had to steer Uber through a maze of legal issues in virtually every corner of the world.

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