Hedge Fund Billionaire Ackman Reveals $2.3 Billion Stake In Uber—Stock Races To 9% Gain
1. Bill Ackman's fund owns 1.4% of Uber, worth $2.3 billion. 2. Uber's stock rose 14% this week, adding $20 billion in market cap. 3. Ackman believes Uber trades at a massive discount to intrinsic value. 4. Uber outperformed the S&P 500, being the top major stock. 5. Uber generated $6.9 billion cash in 2024, doubling from 2023.