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Jeff Chiu / AP

Uber's executive exodus continues, as head of finance Gautam Gupta is leaving in July, the company told the Wall Street Journal on Wednesday and later confirmed to Axios. Gupta will be joining an undisclosed San Francisco startup where he'll be COO, Axios has learned.

Uber also revealed its latest quarterly financials (which it also reported to investors) on Thursday: It brought in $3.4 billion in revenue in the first quarter, up 18% from the fourth quarter. Its losses (not including employee stock and other items) also shrunk to $708 million, down from $991 million three months earlier. Its non-GAAP revenue for the quarter, which is adjusted for fares from carpool rides, is much lower at $1.5 billon, up from $1.4 billion.

Help wanted: Though Gupta has been Uber's highest ranking finance executive, he's not the company's CFO—a position that has been vacant since Brent Callinicos left in 2015. The company is now launching a CFO search, and will be looking for candidates with public-company experience as it eyes an eventual IPO, according to a source familiar with the efforts.

Mass exodus: Gupta is only the latest Uber executive and senior employee to depart in the last few months, though a the company says his departure is unrelated to its recent challenges, including a lawsuit and allegations of sexism. Others include its head of PR, its president of ride-sharing, its VP of global vehicle programs, and several self-driving car employees, among others.

The story has been updated with additional information about Gupta's departure and Uber's disclosure of financials and CFO search.

Go deeper

Mike Allen, author of AM
56 mins ago - Politics & Policy

Biden's "overwhelming force" doctrine

President-elect Biden arrives to introduce his science team in Wilmington yesterday. Photo: Kevin Lamarque/Reuters

President-elect Biden has ordered up a shock-and-awe campaign for his first days in office to signal, as dramatically as possible, the radical shift coming to America and global affairs, his advisers tell us. 

The plan, Part 1 ... Biden, as detailed in a "First Ten Days" memo from incoming chief of staff Ron Klain, plans to unleash executive orders, federal powers and speeches to shift to a stark, national plan for "100 million shots" in three months.

Off the Rails

Episode 2: Barbarians at the Oval

Photo illustration: Sarah Grillo/Axios. Photo: Jim Watson/AFP/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 2: Trump stops buying what his professional staff are telling him, and increasingly turns to radical voices telling him what he wants to hear. Read episode 1.

President Trump plunked down in an armchair in the White House residence, still dressed from his golf game — navy fleece, black pants, white MAGA cap. It was Saturday, Nov. 7. The networks had just called the election for Joe Biden.

Fringe right plots new attacks out of sight

Illustration: Aïda Amer/Axios

Domestic extremists are using obscure and private corners of the internet to plot new attacks ahead of Inauguration Day. Their plans are also hidden in plain sight, buried in podcasts and online video platforms.

Why it matters: Because law enforcement was caught flat-footed during last week's Capitol siege, researchers and intelligence agencies are paying more attention to online threats that could turn into real-world violence.