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Uber CEO predicts profitability a year sooner than expected

Uber is currently riding a wave of good news: they may be profitable and the end of 2020. News of potential profitability came from CEO, Dara Khosrowshahi. Dara predicted last year that he expects profitability in 2021.

Wall Street is reacting well of the news that Uber might reach profits sooner than expected. In quarter 4 of 2019, Uber announced $4.07 Billion in revenue, 37% more than expected from Wall Street.

Uber is also planning on shutting down their Uber Eats service in markets where they aren’t one of the top 2 players.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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