Can someone explain what the CEO of Uber is saying in this quote from yesterday’s event. Thanks.
At Brainstorm Tech on Monday, Khosrowshahi said he doesn't think Uber needs to be profitable before going public, but that there should be a very clear path to profitability.
"I don't want to be dependent private, public, or any markets to fund the business expansion in front of us, so I look at cash before profits," he said, referring to being cash-flow positive, a popular measure that indicates a company's liquid assets are increasing, allowing it to settle debts and pay expenses. "But over a period of time, it is absolutely important for the business to be profitable.
Submitted July 17, 2018 at 09:37AM by seriousgenius https://ift.tt/2NYHJkP
