CEO Dara Khosrowshahi said he’s not worried that Uber 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, reports TechCrunch. Khosrowshahi made the comments at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday 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. The CEO said today a ride currently costs about $2.50 a mile, but with a self-driving car that same ride would cost about $1 per mile.
collections
NewsletterCourses and LearningAdvertiseCurrent IssueFast Government
The future of innovation and technology in government for the greater good
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business
Follow us:
