Photo: BloombergLast week, Uber chief executive officer Dara Khosrowshahi compared these initial years of his company’s ride-hailing business with those of Amazon. Uber will sacrifice profits for growth, he added, as Amazon has consistently done. In its eighth year, in 2002, Amazon generated $174 million cash from operations, which could be reinvested in its business. That was Khosrowshahi’s point: Amazon was prepared to sacrifice current profits for future growth, as is Uber. Source: Amazon annual reports (for Amazon data), news reports (for Uber data)Graphics by Santosh Sharma/Minthowindialives.com is a database and search engine for public data

Source: Mint February 22, 2018 02:26 UTC