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Uber reports loss of $708 million in Q1

Uber Technologies announced the resignation of its head of finance, fixing the loss in the first quarter of 2017, despite revenue growth.

The company's revenue in the first quarter of 2017 was $3.4 billion, up 18% from the fourth quarter of last year. At the same time, Uber reported a loss of $708 million in the past quarter.

Since its founding in 2008, Uber has raised about $15 billion in debt and equity financing. Of this amount, the company has now near $7.2 billion - about the same as at the end of last year, because the company business requires large-scale injections.



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