Peanuts! Uber boss calls losing $5bn in 3 months a sustainable business model ...News

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Peanuts! Uber boss calls losing $5bn in 3 months a sustainable business model
source : Russia Today ( News ) () 30
Ride-hailing giant Uber, which has recently reported its largest-ever quarterly loss, has an “absolutely sustainable” business model, according to the company’s CEO, Dara Khosrowshahi. In an interview with CNN, he defended the company’s business model, which involves investing heavily in promotions to attract customers to its on-demand ride and meal-delivery offerings. “The model is absolutely sustainable,” Khosrowshahi said. “The business, for example, is still growing 30-plus percent on a global basis. And anytime you have a business that has the kind of market size of trillions of dollars in terms of transportation and food and glob

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