#mr kalanick

Uber points to profits in major markets

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Uber says it has now reached profitability in all its developed markets, underscoring the business case for the new ride-hailing models that are disrupting the transportation industry.

Travis Kalanick, chief executive, told the FT that Uber is making money in North America, Australia and in its Europe, Middle East and Africa region, on a basis that excludes interest and tax.

“We…

Uber points to profits in major markets

[ad_1] ©EPA Uber says it has now reached profitability in all its developed markets, underscoring the business case for the new ride-hailing models that are disrupting the transportation industry. Travis Kalanick, chief executive, told the FT that Uber is making money in North America, Australia and in its Europe, Middle East and Africa region, on a basis that excludes interest and tax. “We…