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Uber Stock Gains On $1.5 Billion Accelerated Stock Buyback. CFO Says Uber 'Undervalued.'
Uber stock jumped Monday morning after the ride-hail giant announced a $1.5 billion accelerated share repurchase agreement.
Uber Sets $1.5 Billion Accelerated Stock Buyback
Uber said the accelerated buyback is part of its inaugural $7 billion repurchase unveiled last February. The company spent $701 million to buy back 10.1 million shares during the first nine months of 2024, leaving $6.3 billion available for repurchases as of Sept. 30.
Uber Announces $1.5 Billion Accelerated Share Repurchase Program
This ASR represents a value-enhancing deployment of capital, retiring over one percent of our market cap." Under the ASR agreement, on January 6, 2025, Uber will pay $1.5 billion to the dealer and expects to receive an initial delivery of 18,
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12d
An Uber Eats Delivery Driver Said She Was A Victim Of Tip Baiting. – ‘Not only just angry, but sad that somebody would do that.’
Have you heard of tip baiting? It’s what happens when customers put a big tip on a delivery order to get a driver on the job ...
8h
Autonomous Delivery Provider Serve Robotics Shares Soar On $167M Funding In December
Serve Robotics Inc. raised $86 million in December 2024, bringing its total funding for the year to $167 million.
2d
Three Reasons Why I’m Bullish on UBER Stock in 2025
Uber (UBER) shares have had a rough ride in 2024, lagging behind the broader market with only a 12% gain over the last 12 ...
4d
on MSN
Judge denies Uber’s motion to block new Seattle law regulating the driver deactivation process
A federal judge denied Uber's effort to stop the enforcement of a new Seattle law that establishes labor standards for the ...
11d
on MSN
Uber's Purchase of Foodpanda Blocked by Taiwanese Regulators
Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda.
9d
on MSN
Tip baiting, hackers, and new laws: How gig work for Uber, Instacart, and other apps changed in 2024
Gig workers dealt with hackers stealing accounts, lower pay, and other challenges this year while working for Uber, DoorDash, ...
6d
Food Delivery Robots Are #OpenForWork
Food delivery robots offer advantages over autonomous vehicles. Companies developing them are now exploring new verticals.
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