UBER is a turnaround story. Since founder Travis Kalanick was ousted and replaced with professional CEO Dara Khosrowshahi the company has been executing on their turnaround plan, playing nicer with governments and regulators, and growing their cash flow and top line revenues. The company expects to become profitable in 2023 and has executed several strategic partnerships that should cement their position as the industry leader. Earlier this month, UBER announced a partnership with Ford on an EV rideshare adoption program. That strategic mash-up came on the heels of UBER and Waymo’s ridetaxi service agreement in the Arizona market. With Lyft in serious trouble, UBER has a dominant market position and is on the verge of profitability.
Share this post