Nearly in half
When you cut something "nearly in half", how much do you have? Is it slightly more than half? That's what it is for me. I could possibly be persuaded that cutting to 47% was still "nearly in half", but really, I'm going to be thinking you meant, oh, to 55%. Maybe even 60%.
Which is why I'm still puzzled by this:
In May 2013, Uber charged customers a fare of $2.75 per mile (with an additional 60¢ per minute under eleven mph).... Uber has cut UberX fares nearly in half: to $1.10 per mile, plus 21¢ a minute.That's a cut of 60% for the basic fare and 65% for the slow rate - down to 40% of the fare and 35% of the slow rate. To me, that's not "cut UberX fares nearly in half". That's "cut fares by more than half."