Uber Loses at Least $1.2 Billion in First Half of 2016

August 25, 2016 12:03 PM

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Uber Loses at Least $1.2 Billion in First Half of 2016

After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million.

The ride-hailing giant Uber Technologies Inc. is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta.

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