Uber shares jump to highest in three months as Bill Ackman acquires $2.3 billion stake: Report
Uber Technologies' stock rose to a three month high, as Bill Ackman acquired a $2.3 billion interest in the company, Reuters reported. The billionaire hedge fund manager took to X to say that he had begun purchasing a stake in the ride sharing platform in early January. He now owns 30.3 million shares in the company, the newswire noted.
Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 191% in the last five ...
Uber Technologies is enjoying strong gross bookings growth, with mobility and delivery both rising 18% from last year. The ...
The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth ...
Uber sold off following its fourth-quarter earnings report last week even as the company delivered strong results on the top and bottom lines. Guidance was solid as well, but it was just below analyst ...
Uber's robust business model, scale, and network effects provide a competitive edge. Read why I upgrade UBER stock from buy ...
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