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Uber aspires to be a ‘magical’ company, says CEO Dara Khosrowshahi

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05.11.2019

In true unicorn fashion, ride-hailing giant Uber continues to lose money, all while putting a positive spin on it. The company’s Q3 earnings report shows that it lost $1.16 billion for the quarter—that’s up from $986 million this time last year, but still better than expected.

Part of what’s straining Uber is its effort to keep growing into new segments, including food delivery, where both growth and losses have been substantial. Uber also reorganized the company structure into five business segments, including Rides, Eats, and Freight, making it easier to see how each part of the business is doing.

Here are six interesting things we learned from the report and earnings call with CEO Dara Khosrowshahi:

1) The........

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