Uber said it lost $700 million in Q1 and it's looking for a public company CFO as its head of finance leaves

Uber's head of finance is leaving the company, putting the ride-hailing startup in the tricky position of trying to recruit two high-level executives as it grapples with multiple scandals and bleeds hundreds of millions of dollars in red ink every quarter.

Uber lost $708 million, excluding stock compensation expenses, in the first three months of the year, an Uber spokesperson told Business Insider. Uber's head of finance, Gautam Gupta, is leaving Uber to join an unspecified startup, Uber said.

Uber said it is launching a search for a CFO with public company experience — a move that could kick off Uber's march to go public.

News of Gupta's departure and Uber's financial results were first reported by The Wall Street Journal on Wednesday.

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Instagram accidentally reinstated Pornhub’s banned account

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If only your bike had a trunk. Oh wait, now it does.

Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission. Biking is one of the best ways to get around, especially if you live in a city. It's quick, it's eco-friendly, and you get a bit of exercise. If you already commute on two wheels or are thinking of starting, there's a storage device you kinda need. SEE ALSO: This bamboo keyboard combo adds a touch of tranquility to your workspace The Buca Boot is a pretty magical two-in-one hybrid: It’s a super secure storage box for your bike that works like the trunk of a car. You can lock your helmet or whatever else in it and leave it safely behind. It’s also a basket—open it up, and you can carry a bouquet of flowers and a baguette like the picturesque cyclist of your dreams. Read more... More about Storage , Car , Bicycle , Trunk , and Cyclist from Mashable http://ift.tt/2eHNwLB via IFTTT

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