Bill Ackman reveals he’s been building a more than $2 billion stake in Uber

Bill Ackman reveals he’s been building a more than billion stake in Uber

Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.

Adam Jeffery | CNBC

Pershing Square’s Bill Ackman revealed Friday that he has built a significant stake in Uber.

In a post on X, the hedge fund manager said he began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion based on the stock’s current level around $75 per share.

“We believe that Uber is one of the best managed and highest quality businesses in the world,” Ackman said in the post. “Remarkably, it can still be purchased at a massive discount to its intrinsic value. This favorable combination of attributes is extremely rare, particularly for a large cap company.”

This is breaking news. Please refresh for updates.

Source

World

South Korea parliament passes amended bill to target low equity valuations

August 25, 2025

Signage for the Hyundai Motor Co. annual shareholders meeting stands at the company’s headquarters in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images South Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations. […]

World

Vietnam starts mass evacuations, shuts airports as Typhoon Kajiki approaches

August 25, 2025

A man wearing a raincoat rides a bicycle on a road before Typhoon Kajiki makes landfall in Vietnam, in Nghe An province on August 25, 2025. Nhac Nguyen | Afp | Getty Images Vietnam has shut down airports, closed schools, and initiated mass evacuations as it prepares for the most powerful storm so far this year. […]

World

CNBC Daily Open: All roads lead to Jerome Powell

August 25, 2025

Federal Reserve Chairman Jerome Powell is seen walking in Grand Teton National Park near Jackson Hole, Wyoming, on August 22, 2025. Natalie Behring | Getty Images News | Getty Images Since inflation in America peaked at 9.1% in June 2022, the U.S. Federal Reserve has made controlling price increases — by keeping interest rates high […]