This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.independent.co.uk/news/business/news/uber-latest-news-profits-gautam-gupta-head-of-finance-leave-taxi-app-tech-startup-path-bro-culture-a7766341.html

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Uber on path to profitability as head of finance Gautam Gupta departs Uber on road to profitability as head of finance Gautam Gupta departs
(about 7 hours later)
Uber said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability. Uber has reported that its head of finance is leaving, and that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability.
Head of finance Gautam Gupta is leaving in July to join another startup in San Francisco, the company said, making Gupta the latest high-profile executive to leave Uber. Head of finance Gautam Gupta is leaving Uber in July to join another startup in San Francisco, making Gupta the latest high-profile executive to quit the privately held ride-hailing company.
Uber, which has been rocked by several high-level executive departures in the past few months as it grapples with a series of controversies, has been looking for a chief operating officer to help change its now-notorious “bro” culture. Uber, which has been rocked by several high-level departures in the past few months as it grapples with a series of controversies, has been looking for a chief operating officer to help change its now-notorious “bro” culture.
Gupta's exit sets the stage for a second major executive search, now for a chief financial officer who has public company experience. Gupta's exit sets the stage for a second major executive search: now for a chief financial officer who has public company experience.
About a dozen top executives have left Uber since February.About a dozen top executives have left Uber since February.
The company on Tuesday fired the technology whiz it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the centre of a legal dispute between Uber and Alphabet's Waymo unit. On Tuesday, the company fired Anthony Levandowski, the technology whiz it had hired to lead its self-driving unit, after he failed to comply with a court order to hand over documents at the centre of a legal dispute between Uber and Alphabet's Waymo unit.
Uber on Wednesday said its net loss in the first quarter, excluding employee stock compensation and other items, narrowed to $708m, from $991m in the fourth quarter. Uber reported on Wednesday that its net loss in the first quarter (excluding employee stock compensation and other items) narrowed to $708m, from $991m in the fourth quarter.
As a private company, Uber does not report its financial results publicly, but at times it has confirmed figures reported in the media.As a private company, Uber does not report its financial results publicly, but at times it has confirmed figures reported in the media.
Uber said its first-quarter revenue rose 18 per cent to $3.4bn from the fourth quarter.Uber said its first-quarter revenue rose 18 per cent to $3.4bn from the fourth quarter.
“The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” an Uber spokesperson said in an email.“The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” an Uber spokesperson said in an email.
The Wall Street Journal first reported the news on Wednesday. The Wall Street Journal first reported the news on Wednesday. 
ReutersReuters