Uber’s Finance Head Leaves after $708 Mn loss

 

AS per a report of wall street journal on 31st of May, finance’s head of Uber Technologies Inc is leaving as the company reveals proceeded with huge misfortunes for the early quarter of the years.

It also revealed that, the ride hailing giant’s first quarter revenue was up by 18% from the fourth quarter to $3.4 billion.

 

Loss of first quarter of the company after excluding the employee share compensations and several other items was figured out at $708 million. This figure of misfortune is smaller than $991 million that was announced almost three months earlier.

 

As per report, Gautam Gupta, Finance head at Uber, is to quit the company in July and will join another startup at San Francisco.

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