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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.

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Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
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Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.

Updated 2 hours ago - Technology

Facebook refers Trump ban to independent Oversight Board for review

Photo: Alex Edelman/AFP via Getty Images

Facebook's independent Oversight Board has accepted a referral from the platform to review its decision to indefinitely suspend former President Trump.

Why it matters: While Trump critics largely praised the company's decision to remove the then-president's account for potential incitement of violence, many world leaders and free speech advocates pushed back on the decision, arguing it sets a dangerous precedent for free speech moving forward.