Bill Ackman reveals he’s been building a more than $2 billion stake in Uber
Posted: Feb 07, 2025
- Bill Ackman of Pershing Square has invested in Uber ($UBER) and believes it is undervalued.
- Pershing Square owns 30.3 million shares of Uber valued at $2.3 billion.
- Despite positive comments, Uber stock had fallen 7.5% after poor guidance and an earnings miss.
- Uber shares have risen 25% in 2025 after a drop in 2024.
- Pershing Square's portfolio includes 10 stock holdings, with Uber being a recent addition.
- Bill Ackman, CEO of Pershing Square Capital Management, has built a more than $2 billion stake in Uber
- Ackman believes Uber is one of the best managed and highest quality businesses in the world, still trading at a "massive" discount
- Pershing Square's hedge fund has a concentrated portfolio with 10 stock holdings, including the new Uber stake
- Shares of Uber surged more than 8% after Ackman's announcement
- Ackman praises CEO Dara Khosrowshahi's efforts to drive growth at Uber
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