Too Long; Didn't Read
Uber CEO Dara Khosrowshahi believes that Uber can do the same in all areas of transport. He envisions a world of making everything shared, affordable, and a solution to worsening traffic congestion. However, this household name will have a very tough time building that sort of ecosystem out. Uber has made 75% of that in losses, reporting a loss of more than $5 billion in the last quarter and losing another $1 billion this quarter despite reporting a 30% growth in revenue. Uber is facing rough, stormy seas around some of its major markets.