Uber posts $708 million loss in first quarter of 2017
Uber has revealed that it suffered a loss of $708 million in the first quarter of the financial year 2017, down from $991 million in the previous quarter. Uber's first-quarter revenue rose 18% to $3.4 billion from the previous quarter. It also announced its Head of Finance, Gautam Gupta, is leaving Uber in July to join another startup.