Master Chief Reacts to Uber's Buyback Announcement: Buckle Up for the Ride of Your Life

Master Chief's Take on Uber's Buyback News

Spartans never back down and it seems like Uber is following suit. The ride hailing company's decision to buy back up to $7 billion worth of company shares has caused its stock to skyrocket. Looks like the Uber CEO is ready for a ride of "sustainable profitable growth"!

A Boost in Confidence

"Today's authorization of our first ever share repurchase program is a vote of confidence in the company's strong financial momentum," said Uber CFO Prashanth Mahendra Rajah. I know a thing or two about confidence and it takes a special kind of determination to pull off a move like this. Kudos Uber!

Master Chief's Advice for the Buyback

As a seasoned warrior I know the importance of being cautious. Uber says they will be thoughtful in the pace of their buyback starting with actions to offset stock based compensation. Just remember Uber slow and steady wins the race!

Beating Wall Street's Expectations

Uber's fourth quarter results left Wall Street in awe. With earnings and revenue estimates surpassed it's clear that Uber is charging full speed ahead. Their mobility segment revenue was up 34% from the previous year and the delivery segment's revenue saw a 6% increase. Looks like Uber is taking the fight to their competitors!