Uber stock update: Uber hits record high after unveiling first-ever $7-billion share buyback
Investors cheered the plans, with shares rising 12%, on the same day that thousands of drivers for Uber, rival Lyft and food delivery app DoorDash planned a one-day strike across the United States for fair pay. The company posted free cash flow of $3.4 billion in 2023, up from $390 million a year earlier.
Source: indiatimes.com