Uber reportedly lost $1.27 billion in just six months

Uber lost $1.27 billion in the first half of 2016, according to Bloomberg, which on the surface seems like a lot of money. Okay, not just on the surface. It is a lot of money. But this is Uber we’re talking about! The most valuable startup in the world, most recently valued at $62.5 billion. So $1.27 billion in losses probably isn’t a big deal, right?
Well, yes and no. The context is certainly important. Bloomberg notes that the majority of Uber’s losses stem from the massive a