TaskRabbit will be “profitable profitable” by the end of this year. TaskRabbit said “profitable profitable” means it will turn a net profit but declined to say whether specific costs such as equity grants and taxes were included. Instacart is “gross margin profitable.” Luxe Valet is “on the precipice of being profitable” in some markets. Behr said Zirx will be gross margin profitable for the first time this month. “For a long time, we were like, ‘Let’s get profitable; let’s get profitable; let’s show the margin can get profitable,’” said Anson Tsui, co-founder and chief technical officer.

Source: Mint May 15, 2016 23:45 UTC