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Uber has reportedly lost more than $1.2 billion in the first half of 2016

Uber (Private:UBER) has reportedly generated losses of almost $1.3 billion in the first half of the year. The company has been valued at more than $60 billion, and even as high as $69 billion, according to Reuters.

Uber lost $520 million in Q1 and $750 million Q2, before interest, taxes, depreciation and amortization. On the plus side though, bookings for the second quarter climbed to $5 billion vs. just $3.8 billion in the first quarter, while revenues soared 18% to $1.1 billion sequentially.