Dara Khosrowshahi insists that the controversial ride-hailing app Uber will be profitable within the next three years.
Despite accounting huge quarterly losses the company’s CEO told Bloomberg that the service is becoming more efficient and it’s important to become profitable in the near future.
"At some point we absolutely have to become profitable and that's part of the plan," he said. "I think that we'll be profitable before 2022." Back in November Uber’s third quarterly losses widened from $1.06 billion to $1.46 billion.
Just how Uber plan to turn around such large deficits remains a mystery to everyone within the industry.