UBER HAS LOST MORE THAN $1.2 BILLION IN 2016

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According to a recent report from Bloomberg, everyone’s favorite (or not so favorite) ride-sharing company has lost more than $1.2 billion this year. The company reported a loss of $2 billion last year and losses of over $4 billion in the company’s seven-year history. Head of finance Gautam Gupta attributes the losses to compensation paid paid globally to its drivers.