After the whole Waymo-Uber fight and fuss, the company not only suffered defaming but is still encountering its loss of $4.5 billion last year.
While speaking on Wednesday at the Goldman Sachs Technology and Internet Conference in San Francisco, the CEO of Uber; Dara Khosrowshahi, seemed not so worried about financial crisis the company is recovering from.
The newly appointed chief seemed highly positive when speaking about the financials of the company but was concerned about the company’s ‘appropriately negative’ image as well.
Khosrowshahi’s stance on Uber’s business:
Upon addressing the officials at the San Francisco conference, 48-year old Ceo said that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice growth and sacrifice innovation.”
As per TechCrunch report, the company’s revenue last year was $7.5 billion but Khosrowshahi was keen to tout a “$40 billion run rate,” a measurement of total transactions on the platform. He also spoke of a more than “100% revenue growth rate,” meaning that sales have more than doubled.
Khosrowshahi believes that the negative image of Uber will soon be replaced by people working there are ‘good people,’ who are committed to changing the world of transportation. “We deserve to be and we should be a brand that is beloved by an Amazon or a Google.”