Thursday, June 01, 2017

Uber Limits Loss to $708 Million in First Quarter - The New York Times

"Limits loss" compared to losing $991M last quarter; it's all relative...

"“These results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management and relationship with drivers,” an Uber spokesman said in a statement. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability.”

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In the latest in a string of executive departures, Uber also said Wednesday that its finance leader, Gautam Gupta, was leaving to join a start-up. Uber said it was looking for someone with experience running financial operations for a public company."
Uber Limits Loss to $708 Million in First Quarter - The New York Times
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