"Uber Introduces Historic $7 Billion Share Buyback After Landmark Profitable Year"
Uber Technologies Inc. announced its first-ever share-buyback program, with its board authorizing the repurchase of up to $7 billion worth of stock, leading to a 5.6% premarket stock jump. Chief Financial Officer Prashanth Mahendra-Rajah stated that the move reflects confidence in the company’s financial momentum.