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Uber's financials improve, but it really needs a new CFO
Uber has revealed that its losses for the first quarter of 2017 amounted to $708 million. Huge, but still smaller than the $991 million it lost in the last quarter of 2016. While the fact that it didn't bleed as much money as it did last year could be considered a small victory, the company is now much too busy to celebrate: it has to find a replacement for Gautam Gupta, the head of finance who's leaving the ride-hailing service for another startup. Uber is reportedly looking for someone with public-company experience, since it's planning to launch an IPO as soon as next year.
