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Uber CEO says company may actually "benefit" from rising inflation

Uber logo seen displayed on a smartphone screen with a car in the background
Uber logo seen displayed on a smartphone screen with a car in the background
SOPA Images

It's pretty safe to say that we are all tired of the rising inflation and are ready for things to settle down back to normal.

Well, there's at least one of us who likes things the way they currently are.


While an August inflation report sent stocks plummeting, Uber CEO Dara Khosrowshahi said that their stock actually rose, and he has inflation to thank for it.

He said per NBC that as expenses rise and people are paying more for essentials like groceries, they are also signing up to drive for Uber to supplement their income.  He said, "If anything, 72% of drivers in the U.S. are saying that one of the considerations of their signing up to drive on Uber was actually inflation."

Khosrowshahi went on to say that though inflation is "everywhere," Uber is not seeing any signs of weaknesses as a result.

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