Uber does not need to be profitable before an IPO: CEO
Uber CEO Dara Khosrowshahi has said that he doesn't think the startup needs to be profitable before a planned public offering (IPO) late next year. Speaking at a recent event, Khosrowshahi also said he was more focused on generating positive cash flow than making Uber profitable. Uber reportedly burned through about $10.7 billion since it was founded in 2009.