On with Kara Swisher

Uber’s Profit, Power and Problems with CEO Dara K

9 snips
Oct 30, 2023
Dara Khosrowshahi, CEO of Uber and former Expedia chief, discusses the complexities of running Uber. He shares insights on rising prices and the company’s take rate, revealing a 15% rate in the U.S. versus 29.3% globally. Dara candidly addresses driver treatment and safety initiatives, including new features to protect vulnerable riders. The conversation also touches on the challenges of maintaining profitability while adapting to a competitive landscape, especially in the wake of his predecessor's controversial leadership.
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ANECDOTE

Dara's Daughter Comes Out

  • Dara Khosrowshahi's daughter, Chloe, came out as an Iranian lesbian.
  • He expressed support, but now worries about rising anti-gay rhetoric.
INSIGHT

Uber's Shift to Profitability

  • Uber accumulated $32 billion in losses, mostly under Khosrowshahi, due to a growth-focused strategy.
  • The company pivoted to profitability due to changing investor priorities and rising interest rates.
INSIGHT

Uber's First Real Profit

  • Uber posted its first real profit of $394 million in August 2023.
  • Khosrowshahi contrasts this with prior "trickery" around investment gains.
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