Multi-million Dollar Loss for Uber

Following its last 3 months of 2016 and the financial loss of 991 million dollars, this recent quarter has resulted on a 702 million dollar loss and the departure of Gautam Gupta, their Finance Head. He is only the latest of executive to depart the company.

Uber has lost their Head of Communication and President among multiple other top level executives and has suffered its fair share of scandals involving sexual harassment and the Department of Justice looking into recent allegations of Uber undermining and trying to thwart authorities trying  to determine if they comply with regulations.

This is all negative news for the company, but at the moment they are siting safe with approximately 7.2 billion dollars saved up. It is up to Uber to improve their culture, management and leadership in its field and try to avoid acting or conducting themselves in ways that could lead to more lawsuits and allegations against them.