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...Uber said in a statement that the settlement would allow it to put “legacy issues” to bed....
...This has led us to conclude that a consistent buyback programme is the right answer for Uber. Unhedged questioned Uber’s ability to invest more in our business....
...Dara Khosrowshahi of Uber responds We’ve argued that Uber’s plan to steadily buy back shares is a bad idea: one should only buy back shares in a price-dependent way, and Uber is growing so fast that it...
...Uber described the planned regulation as “an important milestone” and “balanced”....
...However, less than three months ago in November, Uber said it did not expect to pay a dividend “in the foreseeable future”. Read more here....
...At Uber, this is high at $1.9bn last year....
...So to answer the question about Uber’s buyback, you can just ask: is Uber’s stock too cheap? A slippery issue, because Uber is very much a growth company....
...But Uber shareholders should be aware of their scale....
...Earlier this month Uber announced its first share buyback. That has helped lift Uber’s market value to more than $160bn....
...She covers Uber for the FT. Hi, Camilla. Camilla HodgsonHi. Marc FilippinoAll right, Camilla, do me a favour, just walk me through some of the highlights from yesterday’s earnings report for Uber....
...But Uber’s results have recently improved under Khosrowshahi....
...Uber’s shares rose about 1 per cent by midday trading in New York....
...Uber unveiled an inaugural $7bn share buyback programme on Wednesday, days after reporting its first full year of operating profit, making it the latest Silicon Valley company to step up its returns to shareholders...
...Camiel Irving, vice-president of Uber’s operations in the US and Canada, said Uber was working on its relationships with regulators as it sought to address worker rights concerns....
...Labour leader Sir Keir Starmer is set to announce the party is abandoning its target to spend £28bn a year on green investment, Uber has reported its first annual operating profit, and the far-right winner...
...Some drivers told Samii they had taken up their own cases with Uber and benefited financially, but Samii didn’t have the money or the appetite to take Uber to court....
...The news sent Uber’s shares up 14.4 per cent in New York on Wednesday to a new high of $79.15....
...Neither Uber nor Airbnb have matched the runaway Nasdaq. But watching household habits certainly pays; even Lynch rued — many years later — missing a trick....
Tech uber alles
...(Ethan Wu) A reply to Uber’s Dara Khosrowshahi Regular readers will recall that I recently wrote several disapproving things about Uber’s buyback plan....
...Uber successfully challenged those decisions in court. TfL granted Uber a new 30-month licence in February 2022....
...Revenue grew 11 per cent, missing analyst forecasts, which Uber said was the result of an accounting change in some regions....
...Armin Samii, the tech-savvy Uber Eats rider, had to do a lot of work to demonstrate flaws in Uber’s algorithm....
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