Uber Loses at Least $1.2 Billion in First Half of 2016
▻http://www.bloomberg.com/news/articles/2016-08-25/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. On Friday, Gupta told investors that Uber’s losses mounted in the second quarter. Even in the U.S., where Uber (...)