Uber Posts $708M Loss; Finance Head Leaves
Uber said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability.
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. The Wall Street Journal first reported the news on Wednesday.
Uber, which has been rocked by several high-level executive departures in the past few months as it grapples with a series of controversies, has been looking for a chief operating officer to help change its now-notorious "bro" culture.
Gupta's exit sets the stage for a second major executive search, now for a chief financial officer who has pu...