UBER Stock Alert: Uber Unveils $7 Billion Share Buyback Plan

Uber (NYSE:UBER) stock is advancing in early trading after the ridesharing and delivery company announced its first-ever share-buyback plan. Specifically, the firm’s board agreed to allow the firm to take up to $7 billion of UBER stock off the market.The move comes shortly after the company announced that it had generated the first annual profit in its history in 2023. Also noteworthy is that Uber provided new long-term guidance this morning. Uber’s Share Buybacks and Move Into the Black“Today’s authorizati ...