Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News
      SAPS wants to deploy AI bodycams with facial recognition

      SAPS wants to deploy AI bodycams with facial recognition

      10 September 2026
      Disney+ users have a month to move to a new app

      Disney+ users have a month to move to a new app

      10 September 2026
      MTN puts a price on network quality - Ferdi Moolman

      MTN puts a price on network quality

      10 September 2026
      From foldgate to the iPhone Duo: the strange history of folding phones

      From foldgate to the iPhone Duo: the strange history of folding phones

      10 September 2026
      Meet the CIO | Shoprite's Chris Shortt on what a supermarket becomes

      Meet the CIO | Shoprite’s Chris Shortt on what a supermarket becomes

      9 September 2026
    • World
      'This is not circular': Jensen Huang defends $3.5-billion MediaTek deal

      ‘This is not circular’: Jensen Huang defends $3.5-billion MediaTek deal

      2 September 2026
      AI-generated music banned from Australian charts

      AI-generated music banned from Australian charts

      26 August 2026
      Traders brace for a R4.5-trillion swing in Nvidia's value

      Traders brace for a R4.5-trillion swing in Nvidia’s value

      25 August 2026
      Russia building its own Starlink - and faster than expected - Vadym Skibitskyi

      Russia building its own Starlink – and faster than expected

      11 August 2026
      Meta AI will now tell parents if their teen is in crisis

      Meta AI will now tell parents if their teen is in crisis

      17 July 2026
    • In-depth
      Google DeepMind CEO Demis Hassabis. Image: John Sears

      The plan to stop AI from breaking the world

      16 July 2026
      The internet has a Strait of Hormuz problem

      The internet has a Strait of Hormuz problem

      15 July 2026
      AI boom sparks rally, frenzy and fear

      AI boom sparks rally, frenzy and fear

      11 June 2026
      Every plug-in hybrid on sale in South Africa, ranked by price - Lamborghini Temerario

      Every plug-in hybrid on sale in South Africa, ranked by price

      7 June 2026
      What Wi-Fi 8 will mean for wireless networks

      What Wi-Fi 8 will mean for wireless networks

      1 June 2026
    • TCS
      Rubicon's EV charging network is profitable - and growing fast - Watts & Wheels

      Rubicon’s EV charging network is profitable – and growing fast

      8 September 2026
      Winstone Jordaan on building a national EV charging network

      Winstone Jordaan on building a national EV charging network

      2 September 2026
      Watts & Wheels S1E8: 'Tesla lands in Africa, just not here'

      Watts & Wheels S1E8: ‘Tesla lands in Africa, just not here’

      24 August 2026
      TCS | Herotel CEO Van Zyl Botha on beating Starlink to South Africa

      TCS | Herotel CEO Van Zyl Botha on beating Starlink to South Africa

      14 August 2026
      Meet the CIO | Discovery's Derek Wilcocks on AI, guardrails and growth

      Meet the CIO | Derek Wilcocks on how AI personalised Vitality

      13 August 2026
    • Opinion
      The fragile joint in the Capitec machine - Pambos Soteriades

      The R197-billion market the banks can’t reach

      25 August 2026
      South African tech's compounding debt problem - Jannie van Zyl

      Management consulting as we know it is over

      21 August 2026
      South African tech's compounding debt problem - Jannie van Zyl

      The most dangerous customer is the quiet one

      10 August 2026
      South African tech's compounding debt problem - Jannie van Zyl

      South African tech’s compounding debt problem

      29 July 2026
      The fragile joint in the Capitec machine - Pambos Soteriades

      Best network, worst vibes: the puzzle of SA telecoms

      20 July 2026
    • Company Hubs
      • 1Stream
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • Ascent Technology
      • AvertITD
      • BBD
      • Braintree
      • CallMiner
      • CambriLearn
      • CM.com
      • Contactable
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • HOSTAFRICA
      • Incredible Business
      • iONLINE
      • IQbusiness
      • Iris Network Systems
      • Kaspersky
      • LSD Open
      • Mitel
      • NEC XON
      • Netstar
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Telviva
      • Tenable
      • Vertiv
      • Videri Digital
      • Vodacom Business
      • Vox
      • Wipro
      • Workday
      • XLink
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Financial services
      • HealthTech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Policy and regulation
      • Public sector
      • Retail and e-commerce
      • Satellite communications
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
      • Watts & Wheels
    • Events
    • Advertise
    TechCentralTechCentral
    Home » World » Uber will turn a profit in three years, CEO says

    Uber will turn a profit in three years, CEO says

    By Agency Staff23 January 2018
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    Get breaking news on WhatsApp

    Uber Technologies, whose losses have piled up in the quest for growth around the world, will be profitable within three years, said CEO Dara Khosrowshahi.

    Bending the company’s financial trajectory out of the red would be a dramatic shift for the global ride-hailing service, which has been losing billions of dollars per year. Speaking in an interview at the World Economic Forum in Davos, Khosrowshahi said that even as the company would continue to be aggressive about expansion, it was finding ways to be more efficient.

    Almost six months into his tenure leading Uber, Khosrowshahi is attempting to reverse what has been an unprecedented period of turmoil. The company is facing various government investigations, allegations of sexual harassment and increasing competition from rivals around the world. Khosrowshahi said his goal for 2018 is to “get back to normalcy” after the challenges left by former CEO Travis Kalanick.

    His goal for 2018 is to ‘get back to normalcy’ after the challenges left by former CEO Travis Kalanick

    “Breakneck growth can hide cultural issues,” he said.

    Khosrowshahi said the company was investing heavily in autonomous car technology and that it would begin adding the cars in some cities within 18 months. The vehicles will at first only carry passengers on select routes that will expand over time.

    The company is also developing vehicles that will fly people to certain destinations within cities that Khosrowshahi predicted will be available for customers within 10 years.

    Khosrowshahi has said he wants to take Uber public as early as next year, a process that would open the company’s financial performance up to more scrutiny. The company recently finalised a deal that makes the Japanese technology conglomerate SoftBank Group its largest shareholder.

    Rajeev Misra, a SoftBank executive joining Uber’s board, suggested in a recent interview with the Financial Times that Uber focus on core markets such as the US, Europe, Latin America and Australia. In the interview at Davos, Khosrowshahi disagreed, saying the company would be “leaning forward” to expand.

    Charm offensive

    Since taking over as CEO last summer, Khosrowshahi has been on a charm offensive to improve the company’s image. He said the company must work more closely with regulators rather than the more combative approach it took with Kalanick.

    Khosrowshahi said he’s been working to change Uber’s boorish corporate culture. He commended former Uber engineer Susan Fowler, who wrote a blog post about the company’s sexist culture that led to an investigation at the company and a broader debate about the treatment of women in Silicon Valley and business. He called the fallout “difficult,” but “one of the best things that happened at Uber” because of the changes it brought about.

    He said the company still has work to do to make its culture more welcoming for women.  — Reported by Adam Satariano, (c) 2018 Bloomberg LP

    Add TechCentral as a preferred source on GoogleFollow TechCentral on Google NewsGet breaking news on WhatsApp


    Dara Khosrowshahi Uber
    WhatsApp YouTube
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleMicrosoft to put new Xbox games into subscription plan
    Next Article Major overhaul of SA’s payments system on the cards

    Related Posts

    Uber retreats from key African markets

    Uber retreats from key African markets

    3 September 2026
    Uber's mega-deal hands Prosus a R40-billion exit

    Uber’s mega-deal hands Prosus a R40-billion exit

    16 July 2026
    Gautrain to takes on Uber and Bolt: report

    Gautrain to take on Uber and Bolt: report

    22 May 2026
    Company News
    Can an online school produce a scientist? CambriLearn has an independent answer

    Can an online school produce a scientist? CambriLearn has an independent answer

    9 September 2026
    The ASUS ExpertCenter Pro ET900N from Altron Arrow

    A petaflop on a desk – rethinking AI infrastructure for South Africa

    9 September 2026
    How dual-source technology is changing laser engraving

    How dual-source technology is changing laser engraving

    8 September 2026
    Opinion
    The fragile joint in the Capitec machine - Pambos Soteriades

    The R197-billion market the banks can’t reach

    25 August 2026
    South African tech's compounding debt problem - Jannie van Zyl

    Management consulting as we know it is over

    21 August 2026
    South African tech's compounding debt problem - Jannie van Zyl

    The most dangerous customer is the quiet one

    10 August 2026

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Latest Posts
    SAPS wants to deploy AI bodycams with facial recognition

    SAPS wants to deploy AI bodycams with facial recognition

    10 September 2026
    Disney+ users have a month to move to a new app

    Disney+ users have a month to move to a new app

    10 September 2026
    MTN puts a price on network quality - Ferdi Moolman

    MTN puts a price on network quality

    10 September 2026
    From foldgate to the iPhone Duo: the strange history of folding phones

    From foldgate to the iPhone Duo: the strange history of folding phones

    10 September 2026
    © 2009 - 2026 NewsCentral Media
    Built and maintained by Chronon
    • Cookie policy (ZA)
    • TechCentral – privacy and Popia

    Type above and press Enter to search. Press Esc to cancel.

    Manage consent

    TechCentral uses cookies to enhance its offerings. Consenting to these technologies allows us to serve you better. Not consenting or withdrawing consent may adversely affect certain features and functions of the website.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}