Uber jumps 11% on $7B buyback announcement - Breaking The News

Uber jumps 11% on $7B buyback announcement

14 February

1 min read

UNSPLASH / VIKTOR:AVDEEV

Uber Technologies Inc.'s shares rose over 10% after the company unveiled its inaugural buyback initiative. The program is valued at $7 billion and entails repurchasing a significant portion of the company's shares.

Uber stock jumped by 11.51% to $76.93 at 12:13 pm ET.

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