Uber CEO Khosrowshahi Calls Profit a 'Seminal Moment'

Uber CEO Khosrowshahi Calls Profit a 'Seminal Moment'

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Business

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Uber has achieved its first GAAP profit, marking a significant milestone. The company reported over a billion dollars in free cash flow for the quarter, with strong growth in gross bookings. This success is attributed to cost discipline, efficient operations, and a strategic balance between headcount and innovation. Despite a modest increase in headcount since 2019, Uber's core business bookings have grown significantly, demonstrating effective management and industry leadership.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker mean by 'making that perfect match' in the context of Uber's operations?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the relationship between Uber's headcount growth and gross bookings growth.

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