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Uber, Accelerated Share Repurchase
Uber’s beaten-down stock is now riding higher, and these two factors explain why
Uber Technologies Inc.’s stock rose 2.7% on Monday, boosted by news the car-sharing company is planning an accelerated share buyback and that the stock has been added to Wedbush’s “Best Ideas List.” The company said it would conduct a $1.
Uber Stock Rises on Accelerated $1.5 Billion Buyback Plan
Key Takeaways Uber shares rose Monday morning after the company said it is starting an accelerated stock buyback program.The $1.5 billion plan is part of the $7 billion buyback program Uber announced in February 2024.
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,
Uber Sets $1.5 Billion Accelerated Stock Buyback
Uber Technologies has signed a $1.5 billion accelerated share-repurchase agreement with Bank of America. Uber on Monday said it expects an initial delivery of nearly 18.6 million shares, or around 80% of the shares covered by the deal,
8h
Uber Stock, Lyft Shares Rise; Robotaxi Revolution Approaches
The ride-sharing giants are having a good Monday, following Uber's announcement of a $1.5 billion accelerated ...
cfodive
11h
Uber CFO says stock is ‘undervalued;’ proceeds with $1.5B buyback
The buyback comes as the ride-hailing service aims to boost its free cash flow and refocuses on autonomous vehicles.
6h
Decision of the Day: Uber Cannot Be Held Vicariously Liable for Driver's Alleged Negligent Conduct
Uber moved to dismiss plaintiff's complaint, asserting Uber did not control defendant and cannot be held vicariously liable ...
18h
on MSN
How Uber and Lyft Are Gearing Up for the Robotaxi Revolution
After ending their own driverless plans, the ride-sharing companies are embracing autonomous-vehicle operators and offering ...
19h
Uber To Buyback $1.5 Bln Of Shares Through Accelerated Share Repurchase; Pre-Market Stock Up
Uber Technologies, Inc. (UBER) announced on Monday that it has inked an accelerated share repurchase or ASR deal with Bank of ...
Courthouse News Service
9h
Uber not liable for off-the-clock drivers
The family of a pedestrian who was struck and killed by a motorist may not include uber as a defendant in their wrongful ...
9h
on MSN
Jury selection begins in murder of local mom driving for Uber
Jury selection started Monday in the case of Calvin Crew, the man accused in the brutal murder of his Uber driver.
9h
on MSN
Final Trade: AAL, UBER, XLE, EQT
San Francisco 49ers' quarterback Josh Dobbs finds a wide open fullback in Kyle Juszczyk on a throwback pass and Juszczyk ...
3d
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 ...
21h
Want to drive for Uber, Lyft when Green Bay hosts the NFL draft? Here are 9 things to know
The job search website ZipRecruiter reports Uber drivers in Wisconsin make about $18 per hour and Lyft drivers in Wisconsin ...
41m
on MSN
Uber and Nvidia to collaborate for autonomous mobility
Uber partners with NVIDIA to enhance AI-powered autonomous driving technology, leveraging data and advanced platforms for ...
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