Uber exec buys $5.3M shares as company hits $10B free cash flow and expands autonomous vehicles in Spain

Uber Technologies' COO Andrew Macdonald bought 70,000 shares worth about $5.31 million, signaling confidence despite recent stock volatility. The company reported a record trailing 12-month free cash flow exceeding $10 billion and secured Spain's first national permit for Level 4 autonomous passenger vehicles, advancing its autonomous vehicle plans. While Uber shares have fallen over 30% from their highs, these developments highlight Uber's long-term growth potential amid competition and regulatory challenges. The autonomous vehicle service in Madrid is expected to launch before the end of 2026, pending further testing and approvals.