Uber reportedly lost a staggering $1.2b in first half of 2016

When it comes to ride-hailing services, no name is as big as Uber, but even that kind of brand recognition apparently can't stop the company from losing money. According to a Bloomberg report, Uber may have lost as much as $1.2 billion in the first half of 2016, which if true means that Uber has lost more than $4 billion …