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View All NewsUber loses $1.2 billion in first half (Bloomberg)
August 25, 2016
Human cloud company Uber lost $1.2 billion in the first half of this year, Bloomberg reports. The report came from a conference call to investors by Uber’s head of finance, Gautam Gupta, according to Bloomberg. Subsidies for drivers were cited as responsible for a majority of the loss. Staffing Industry Analysts ranks Uber as the largest company in terms of human cloud spend.