On with Kara Swisher Uber’s Profit, Power and Problems with CEO Dara K
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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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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.
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.
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.