Uber Loses $708M And Head Of Finance

It seems Uber is finally getting a break from the string of bad luck that is continuing to pile up. Recently, the company had to fire Anthony Levandowski over his refusal to cooperate with a probe related to the company’s legal battle with Waymo. Now, Uber is reporting a loss of $708 million along with its head of finance leaving, which doesn’t really spell doom for the company.

By all accounts, Uber is reporting healthy finances with $3.4 billion in revenue for Q1, Bloomberg reports. The losses that the company has experienced is also narrower than it was last year, which stood at about $991 million.

This is all rather perplexing as the company is also reporting that it has lost hundreds of thousands of customers, who have been deleting the app from their phones. Not to mention that the cab-hailing firm is still in a deadly legal fight against Google.

Then again, it seems the global presence of Uber is simply too momentous for something like the #DeleteUber movement to stop. After all, much of the controversy that the company and its CEO, Travis Kalanick are facing only apply to US citizens. Uber is already in multiple countries and taking over the transportation services in many of them.

It’s not all good news for the company, however, as it did just lose an important figure in its financial division. Gautam Gupta is reportedly saying goodbye to Uber come July and is going to join another company, The Wall Street Journal reports.

Gupta’s departure leaves another hole in the company’s executive wall, with the CFO position still remaining officially empty since 2015. As a result, Uber must now fill two essential executive positions all while trying to cope with controversies in the US. It helps a lot that these scandals didn’t seem to slow the company much at all.