Uber: plan to buy back $7 billion in shares
' Today's authorization of our first-ever share repurchase program is a vote of confidence in the company's strong financial momentum. We will be mindful of the pace of our buyback, starting with shares that partially offset stock-based compensation, and working towards a steady reduction in the number of shares,' said Prashanth Mahendra-Rajah, CFO.
In addition, the company's management team will today present an updated view of the firm's strategy, financial framework and capital allocation plans.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction