Uber finance chief to leave in July
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.