Uber announces inaugural $7 billion share repurchase authorization

San francisco--(business wire)--uber technologies, inc. (nyse: uber) today announced that its board of directors has authorized the repurchase of up to $7 billion of the company's common stock. “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 thoughtful as it relates to the pace of our buyback, beginning with actions that partially offset stock-based compensation, and working towards a consistent red.
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