(WBAP/KLIF) – The ride sharing company is finally turning a profit. Uber posted its first full year of profit as a public company last year.
In previous years, Uber has seen some heavy losses. The company made profit in 2018, but that was from investments, not operations. Uber’s food delivery unit helped save the company during the pandemic.
The company navigated a driver shortage better than its main competitor Lyft which has yet to turn a profit.
(Copyright 2024 WBAP/KLIF 24/7 News)
