Uber Losses

Uber, the popular car ride sharing platform, lost $1.2 billion in the first half of 2016. The company's woes mostly stem from its international operations; it has lost billions of dollars in China alone since it tried to crack the market. Uber did strike a deal to sell its Chinese unit to...

Many 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...