Wednesday, 31 May 2017
Uber’s revenues are up at the end of the first quarter this year, $3.4 billion, which is a massive 18 percent bump up from the previous quarter. However, it’s still haemorrhaging money, as it lost $708 million in Q1. The company will have stakeholders believe that it’s on the up and up moneywise, but it can’t deny the fact that its management is on shaky ground at the moment. Along with the major loss in cash, Uber told the Wall Street Journal it will also see its head of finance Gautam Gupta leave the business in July. To be fair,…
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