Uber unveils $7 billion share buyback after first profitable year
Wed, Feb 14, 2024 6:09 PM

Uber unveils $7 billion share buyback after first profitable year

A Flip by Avya Verma
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Uber Technologies (UBER.N), opens new tab said on Wednesday it will buy back up to $7 billion worth of company shares after a strong recovery in ride-share and healthy demand at its food delivery business. The company's shares rose more than 5% to $72.50 in trading before the bell. "Today's authorization of our first-ever share repurchase program is a vote of confidence in the company.

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