Uber plans a $1.5B share buyback, aiming to boost shareholder value by repurchasing undervalued stock.

Uber announced a $1.5 billion accelerated share repurchase program to buy back its shares, part of a $7 billion authorization. The program, expected to complete by the end of the first quarter, involves buying back 18.58 million shares through Bank of America. This move aims to return value to shareholders while investing in growth, as Uber believes its stock is undervalued.

3 months ago
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