NEW YORK, July 11 (Reuters Breakingviews) - Uber Technologies (UBER.N) boss Dara Khosrowshahi has an opening to shift into higher gear.
His eventual replacement can dial back on spending even more and really open up a spigot of cash flow.
And this year, Uber might finally start making profit, with analysts polled by Refinitiv expecting full-year earnings of some $26 million.
Uber shares have nearly doubled over the year, handily beating the S&P 500 Index (.SPX), as profit pulls into view.
Ensuring that Uber keeps its eyes on that prize is a worthy task for future executives.
Persons:
Dara Khosrowshahi, Nelson Chai, Travis Kalanick’s, Uber, Refinitiv, Tesla, Jennifer Saba, Jonathan Guilford, Sharon Lam
Organizations:
YORK, Reuters, Technologies, –, Twitter, Thomson
Locations:
U.S, China