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Uber reports $891 million loss in second quarter (Bloomberg)

August 16, 2018

Human cloud/ride-sharing firm Uber reported a second-quarter loss of $891 million on Wednesday, Bloomberg reported. It’s a 16% improvement from the same quarter a year ago, but the company had posted a profit in the first quarter. Bloomberg said Uber is planning an initial public offering in the second half of next year. Staffing Industry Analysts ranks Uber as the largest business-to-consumer human cloud platform.