Uber to be profitable by end of 2020, CEO Dara Khosrawshahi says
by Dominic Rushe from Technology | The Guardian on (#4Z0TH)
- Share price soars following announcement
- Ride-sharing firm lost $8.5bn in 2019
Uber's chief executive, Dara Khosrowshahi, said on Thursday that the heavily loss-making ride share company expects to be profitable by the end of 2020, news that sent its share price soaring in late trading.
Related: Uber to bring back self-driving cars in California for first time since 2018 death
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