Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
13 Jun 2023 Acquired Uber CEO Dara Khosrowshahi
“I think the pandemic was incredibly painful in that sitting together as a team, 85% of your mobility volume, which was the profit driver of the company, falls off a cliff.”
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Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 13 Jun 2023
- Publisher
- Acquired
- Episode
- Uber CEO Dara Khosrowshahi
Transcript context
…Ultimately, good for Uber in the past couple of years? Yeah. I think the pandemic was incredibly painful in that sitting together as a team, 85% of your mobility volume, which was the profit driver of the company, falls off a cliff. Other CEOs lost a ton of business, but most of these businesses were profitable. We were losing $2½ billion, and then it just got way worse. It was a very tough situation to be in, and we had to cut a lot of overhead. We had to cut up businesses that we felt were core to the business. You really had to bet on what's core, what's non-core. But it was a huge accelerator as it relates to our Eats delivery business. I think that discipline, in hindsight, has been great. That shouldn't have been the... The precipitating factor.…
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