Uber’s Finance Head Leaves Amid $708 Million Loss

Source: Fortune

Uber Technologies Inc’s head of finance is leaving as the ride-hailing company reported continued big losses for the first quarter, the Wall Street Journal reported on Wednesday.

The ride-hailing company’s first-quarter revenue was $3.4 billion, up 18 percent from the fourth quarter, the newspaper reported.
Uber’s first-quarter loss, excluding employee stock compensation and other items, was $708 million, narrower than the $991 million reported three months earlier, the Journal said.

Uber’s head of finance, Gautam Gupta, is leaving the company in July to join another startup in San Francisco, adding to an exodus of top officials, the report said.

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