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Uber Lost at Least $1.2 Billion in the First Half of 2016

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Uber’s losses mounted in the second quarter. Even in the U.S., where Uber had turned a profit during its first quarter, the company was once again losing money.

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In the first quarter of this year, Uber lost about $520 million before interest, taxes, depreciation and amortization, according to people familiar with the matter. In the second quarter the losses significantly exceeded $750 million, including a roughly $100 million shortfall in the U.S., those people said.  That means Uber’s losses in the first half of 2016 totaled at least $1.27 billion.

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