Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: 'Oh my God. Wow.'
"We have a very strong flow of new drivers who are signing up, coming on to earn," Khosrowshahi said at the time."Over 70% of them have said that inflation and what they're seeing right now in terms of the cost of groceries, the cost of living, plays a part in that decision for them to come on to the platform."Uber is no longer subsidizing rides
on a quest for growth and is instead focusing on profit. It seems to be working: This week, Khosrowshahi announced Uber's first operating profit. Correction: August 1, 2023 — An earlier version of this story misstated the price of the Uber in the article's summary bullets. It was $50, not $20.Subscribe to push notificationsNOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'
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