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Uber CEO says company will reach profitability by 2021 despite of mounting losses

Photo by: Tech2

The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company’s goal is to reach profitability — when adjusted for interest, taxes, depreciation, and amortisation — for the full year of 2021. Uber picked up the pace of its revenue growth, racking up $3.81 billion in the third quarter. Representational...

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