Uber $708Million revenue loss, finance head leaves

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Uber said its first-quarter revenue rose 18 percent to $3.4 billion from the fourth quarter. As a private company, Uber does not report its financial results publicly.

Uber on its net loss in the first quarter. Excluding employee stock compensation and other items. Narrowed to $708 Million from $991 million in the fourth quarter.

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Uber Technologies Inc said its head of finance is leaving. similarly a dozen top executives have left Uber since February. But from the prior quarter, putting it on a path toward profitability.

Finance Head vacates

But head of finance Gautam Gupta is leaving in July to join another startup in San Francisco. The company said, making Gupta the latest high-profile executive to leave Uber.

Mean while, Uber which has been rocked by several high-level executive departures in the past few months as it grapples with a series of controversies. And has been looking for a chief operating officer to help change its now-notorious “bro” culture.

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Inspite Gupta’s exit sets the stage for a second major executive search. Now for a chief financial officer who has public company experience.

In addition, the company fired the technology person it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between Uber and Alphabet Inc’s, Waymo unit.

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