Uber reportedly lost 1.3 billion in this year's first half

Uber may be gaining riders. It may be on the cutting edge of developing self-driving car technology. That's according to details given by Gautam Gupta, Uber Technologies Inc.'s finance head, who in a recent conference call with Uber investors said the ride-hailing giant lost at least 1.27 billion during the first half of this year. In a report Thursday, Bloomberg cited "people familiar with the matter" as saying Gupta gave the money-losing score last week as part of an update that the privately held San Francisco company gives to its investors and shareholders every three months. According to those sources, Uber lost about 520 million before interest, taxes, depreciation and amortization during the first quarter of the year, and its second-quarter losses ballooned to more than 750 million.