In an interview with CNN correspondent Christiane Amanpour that will air Wednesday, Khosrowshahi defended Uber's business model, which involves the company investing heavily in promotions to entice customers to its on-demand ride and meal-delivery offerings.
"The model is absolutely sustainable," Khosrowshahi said. "The business, for example, is still growing 30-plus percent on a global basis. And anytime you have a business that has the kind of market size of trillions of dollars in terms of transportation and food and global commerce, it makes sense for a company to invest."
Uber lost $5.2 billion in the three months ending in June, its largest quarterly loss ever . Stock-based compensation related to its initial public offering accounted for $3.9 billion, but the remaining $1.3 billion in losses were still 50% higher than the year before.
Comment: Though boxing legend Carl Froch has likely sustained many injurious blows to the head, there are many others who have no such excuse for such a ridiculous idea: