Uber said it lost $700 million in Q1 and it’s looking for a public company CFO as its head of finance leaves
|06/01/2017||Posted by BusinessMediaguide.Com under General World News||
Uber’s head of finance is leaving the company, giving the ride-hailing startup the tricky task of trying to fill two high-level holes in its leadership team as it grapples with multiple scandals and bleeds hundreds of millions of dollars in red ink every quarter.
Uber lost $708 million, excluding stock compensation expenses, in the first three months of the year, an Uber spokesperson told Business Insider. That’s a narrower loss than the $991 million that Uber lost in the prior three months, though the company did not provide a year-ago figure.
Uber said its Q1 revenue increased 18% from the fourth read more >>>