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· Absolute Shockers · ECONOMY

$1.2 Billion: Uber's Losses In The First Half of 2016

We spotted this stat today:

"Uber recorded losses of roughly $1.2 billion in the first half of 2016, according to a person briefed on the company’s financial data, who spoke on the condition of anonymity. More than half of those losses, or around $750 million, accrued in the second quarter of this year, said the person."

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