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Think Uber Is Profitable? Think Again
Thursday, August 25, 2016 - 12:30pm | 406Many individuals wrongly assume that Uber, the popular ride-hailing giant, is operating with a hefty profit. This is, however, incorrect. The company has lost at least $1.2 billion in the first half of 2016 alone. According to Bloomberg, Uber's head of finance, Gautam Gupta, told dozens of...