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Uber announces its first share buyback program with an authorization for up to $7 billion worth

Uber Technologies Inc.’s stock jumped 5.6% premarket Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board.

Prashanth mahendraUber technologies incUber technologiesFinancial officer prashanth mahendra rajahArticle normalTaxi limousine servicesE commerceOnline service providersLand transportRide hailing platforms servicesSharing on demand economy servicesTransportation shippingFinancial performanceShare price movement disruptionsCorporate fundingShare capital

Uber Stock Rises After Authorizing First-Ever Stock Buyback Plan

By Will Feuer Shares of Uber Technologies rose in premarket trading after the ride-share company said its board has authorized its first-ever share.

Uber technologiesArticle normalTaxi limousine servicesE commerceOnline service providersLand transportRide hailing platforms servicesSharing on demand economy servicesTransportation logisticsCorporate fundingShare capitalOwnership changesAcquisitions mergers shareholdingsCorporate actionsCorporate industrial newsShare buybacks redemptions

Lyft Stock Eases After Jumping 60% on Typo

Ride-hailing app Lyft said fourth-quarter gross bookings grew 17% year over year, while revenue rose 4%.

David risherJaneth choUber technologiesArticle normalTaxi limousine servicesE commerceOnline service providersLand transportRide hailing platforms servicesSharing on demand economy servicesTransportation logisticsFinancial performanceShare price movement disruptionsCorporate industrial newsContent typesFactiva filters

Opinion: Lyft s gargantuan earnings error proves Wall Street should cut the jargon

Lyft inadvertently overstated its margin target for this year, a mistake that could have been avoided if the company had just communicated in plain English.

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Uber unveils its first-ever share-buyback program for up to $7 billion

Uber Technologies Inc.’s stock jumped 5.6% premarket Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board.

Prashanth mahendraUber technologies incUber technologiesFinancial officer prashanth mahendra rajahArticle normalTaxi limousine servicesE commerceOnline service providersLand transportRide hailing platforms servicesSharing on demand economy servicesTransportation shippingFinancial performanceShare price movement disruptionsCorporate fundingShare capital

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