Ride-sharing giant Uber reached a significant milestone this week. The company reported a full-year profit of $1.8 billion for 2023, marking the first year Uber has posted.
Uber Results: The 6.5 million drivers who ferried passengers and food around the world in the past quarter was a record, Uber said. The company said improvements it had made to the driver experience such as showing drivers a passenger s destination and how much the driver would earn before accepting a ride had buoyed interest in working for Uber.
The company had $9.3 billion in revenue in its most recent quarter, lower than Wall Street investors expected but an 11% increase from a year earlier, and generated $221 million in net income.
What does it take to work at a big-name company like Uber? In a recent Wall Street Journal interview, Uber CEO Dara Khosrowshahi gave a peek behind the curtain into what he personally looks for in a.
Sometimes, regular riders may be shocked by the cost of an Uber ride, but it's not something you'd expect the company's CEO to encounter. But Wired Editor at Large Steven Levy recently took a 2.95-mile Uber ride in New York City to meet Uber Technologies Inc. CEO Dara Khosrowshahi. When Levy asked Khosrowshahi to estimate the ride's cost, he casually put it at $20. Much to everyone's surprise, the price turned out to be $51.69, including a tip for the driver. "Oh, my God. Wow," Khosrowshahi excl