Uber to be profitable by end of 2020, CEO Dara Khosrawshahi says

February 06, 2020 at 10:31PM

  • 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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Uber to be profitable by end of 2020, CEO Dara Khosrawshahi says …

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