Uber loses at least $1.2b in first half of 2016

Uber loses at least $1.2b in first half of 2016

A user scans for an available vehicle using the Uber app on an Apple Inc. iPhone 5 smartphone in this arranged photograph in London, U.K., on Friday, May 30, 2014. Photographer: Chris Ratcliffe/Bloomberg

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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